Addus HomeCare Corporation (NASDAQ:ADUS – Get Free Report) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $129.33.
A number of equities analysts have weighed in on ADUS shares. Bank of America reiterated a “neutral” rating and set a $125.00 price objective (down from $140.00) on shares of Addus HomeCare in a research note on Monday, September 14th. Barclays lifted their target price on shares of Addus HomeCare from $92.00 to $96.00 and gave the company an “underweight” rating in a research report on Wednesday, July 8th. Citigroup cut Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research report on Monday, September 14th. Weiss Ratings upgraded shares of Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Finally, Raymond James Financial set a $137.00 price objective on shares of Addus HomeCare in a report on Monday, September 28th.
Read Our Latest Research Report on ADUS
Addus HomeCare Stock Performance
Shares of Addus HomeCare stock opened at $115.98 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.17 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.65 and a beta of 0.83. The stock’s fifty day moving average price is $116.41 and its 200-day moving average price is $105.45. Addus HomeCare has a 12 month low of $87.95 and a 12 month high of $124.43.
Addus HomeCare (NASDAQ:ADUS – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. The firm had revenue of $377.41 million during the quarter, compared to analysts’ expectations of $376.24 million. Addus HomeCare had a return on equity of 9.96% and a net margin of 7.13%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 EPS. On average, equities research analysts expect that Addus HomeCare will post 6.33 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Addus HomeCare
Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in shares of Addus HomeCare by 2.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,905 shares of the company’s stock worth $593,000 after acquiring an additional 114 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Addus HomeCare by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 12,254 shares of the company’s stock valued at $1,148,000 after buying an additional 132 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Addus HomeCare by 73.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 325 shares of the company’s stock worth $35,000 after acquiring an additional 138 shares during the period. Parallel Advisors LLC increased its stake in Addus HomeCare by 66.3% in the 1st quarter. Parallel Advisors LLC now owns 404 shares of the company’s stock valued at $38,000 after buying an additional 161 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Addus HomeCare by 19.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,237 shares of the company’s stock valued at $116,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.
About Addus HomeCare
Addus HomeCare Corporation is a provider of home-based health care and support services for older adults, people with disabilities and other individuals who require assistance at home. The company’s services are designed to help clients maintain independence and avoid or delay institutional care.
Addus operates through three primary service lines: personal care, home health and hospice. Personal care services include assistance with daily activities such as bathing, dressing, meal preparation and mobility.
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