Addus HomeCare Corporation (NASDAQ:ADUS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $137.50.

A number of equities analysts have recently issued reports on the company. Barclays raised their price target on Addus HomeCare from $83.00 to $109.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 19th. TD Cowen raised their price target on Addus HomeCare from $135.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price target on Addus HomeCare from $133.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 22nd. Finally, Stephens restated an “overweight” rating and issued a $140.00 price target on shares of Addus HomeCare in a research note on Wednesday, September 3rd.

Addus HomeCare Stock Down 0.9%

Addus HomeCare stock opened at $116.89 on Tuesday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.87 and a beta of 0.86. The stock has a fifty day simple moving average of $115.28 and a two-hundred day simple moving average of $112.13. Addus HomeCare has a 12 month low of $88.96 and a 12 month high of $136.72. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, August 4th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $349.44 million for the quarter, compared to the consensus estimate of $345.71 million. Addus HomeCare had a return on equity of 9.39% and a net margin of 6.51%.The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the business posted $1.35 EPS. Equities analysts predict that Addus HomeCare will post 4.59 EPS for the current fiscal year.

Insider Transactions at Addus HomeCare

In other news, CEO R Dirk Allison sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $114.95, for a total value of $2,873,750.00. Following the transaction, the chief executive officer directly owned 166,461 shares in the company, valued at $19,134,691.95. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brian Poff sold 7,739 shares of Addus HomeCare stock in a transaction on Monday, August 25th. The shares were sold at an average price of $116.82, for a total value of $904,069.98. Following the transaction, the executive vice president owned 56,980 shares in the company, valued at $6,656,403.60. This trade represents a 11.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,310 shares of company stock worth $3,958,375 in the last ninety days. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in Addus HomeCare by 1.3% during the second quarter. State Street Corp now owns 693,368 shares of the company’s stock valued at $79,869,000 after purchasing an additional 8,925 shares in the last quarter. WCM Investment Management LLC raised its holdings in Addus HomeCare by 4.9% during the first quarter. WCM Investment Management LLC now owns 494,791 shares of the company’s stock valued at $48,143,000 after acquiring an additional 23,176 shares during the period. Principal Financial Group Inc. raised its holdings in Addus HomeCare by 18.3% during the first quarter. Principal Financial Group Inc. now owns 475,818 shares of the company’s stock valued at $47,054,000 after acquiring an additional 73,720 shares during the period. Wellington Management Group LLP raised its holdings in Addus HomeCare by 25.8% during the first quarter. Wellington Management Group LLP now owns 471,935 shares of the company’s stock valued at $46,670,000 after acquiring an additional 96,823 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Addus HomeCare by 3.5% during the second quarter. Geode Capital Management LLC now owns 457,090 shares of the company’s stock valued at $52,658,000 after acquiring an additional 15,543 shares during the period. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Addus HomeCare Company Profile

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company operates through three segments: Personal Care, Hospice, and Home Health.