Addus HomeCare Co. (NASDAQ:ADUS) Given Average Rating of “Buy” by Brokerages

Shares of Addus HomeCare Co. (NASDAQ:ADUSGet Rating) have been given a consensus rating of “Buy” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $112.60.

A number of analysts have recently commented on ADUS shares. Oppenheimer cut their price target on Addus HomeCare from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. StockNews.com lowered Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Friday, October 14th. Finally, Royal Bank of Canada boosted their price target on Addus HomeCare from $110.00 to $121.00 and gave the company an “outperform” rating in a report on Wednesday, November 2nd.

Addus HomeCare Stock Performance

ADUS stock opened at $108.59 on Thursday. The business’s 50-day moving average price is $101.66 and its two-hundred day moving average price is $92.41. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.75 billion, a PE ratio of 39.49, a P/E/G ratio of 2.97 and a beta of 0.77. Addus HomeCare has a 1-year low of $68.57 and a 1-year high of $112.11.

Addus HomeCare (NASDAQ:ADUSGet Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.94 earnings per share for the quarter, hitting the consensus estimate of $0.94. The firm had revenue of $240.50 million for the quarter, compared to analyst estimates of $242.21 million. Addus HomeCare had a return on equity of 8.46% and a net margin of 4.77%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. As a group, research analysts forecast that Addus HomeCare will post 3.13 earnings per share for the current year.

Insider Activity at Addus HomeCare

In related news, COO W Bradley Bickham sold 7,500 shares of Addus HomeCare stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $105.21, for a total value of $789,075.00. Following the sale, the chief operating officer now owns 39,284 shares of the company’s stock, valued at $4,133,069.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO W Bradley Bickham sold 7,500 shares of Addus HomeCare stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $105.21, for a total value of $789,075.00. Following the sale, the chief operating officer now owns 39,284 shares of the company’s stock, valued at $4,133,069.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sean Gaffney sold 6,626 shares of Addus HomeCare stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $107.07, for a total value of $709,445.82. Following the completion of the sale, the executive vice president now directly owns 12,826 shares in the company, valued at approximately $1,373,279.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,285 shares of company stock valued at $5,372,079. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Addus HomeCare

Institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new position in Addus HomeCare during the third quarter worth approximately $28,000. Assetmark Inc. increased its position in Addus HomeCare by 110.1% during the second quarter. Assetmark Inc. now owns 374 shares of the company’s stock worth $31,000 after buying an additional 196 shares during the last quarter. UMB Bank n.a. increased its position in Addus HomeCare by 321.5% during the third quarter. UMB Bank n.a. now owns 333 shares of the company’s stock worth $32,000 after buying an additional 254 shares during the last quarter. First Horizon Advisors Inc. increased its position in Addus HomeCare by 109.7% during the third quarter. First Horizon Advisors Inc. now owns 369 shares of the company’s stock worth $35,000 after buying an additional 193 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Addus HomeCare during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 95.03% of the company’s stock.

About Addus HomeCare

(Get Rating)

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. It operates through three segments: Personal Care, Hospice, and Home Health.

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Analyst Recommendations for Addus HomeCare (NASDAQ:ADUS)

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