BidaskClub upgraded shares of Addus Homecare (NASDAQ:ADUS) from a hold rating to a buy rating in a research note released on Thursday morning.
Several other analysts have also issued reports on ADUS. Zacks Investment Research upgraded Addus Homecare from a hold rating to a strong-buy rating and set a $75.00 target price on the stock in a report on Thursday, January 3rd. Robert W. Baird upgraded Addus Homecare from a neutral rating to an outperform rating and upped their target price for the stock from $72.00 to $75.00 in a report on Monday, February 4th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $76.63.
Shares of Addus Homecare stock opened at $63.04 on Thursday. Addus Homecare has a one year low of $44.45 and a one year high of $77.82. The stock has a market capitalization of $830.74 million, a PE ratio of 37.30, a PEG ratio of 2.03 and a beta of -0.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.19 and a current ratio of 3.02.
Addus Homecare (NASDAQ:ADUS) last released its earnings results on Monday, March 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. Addus Homecare had a return on equity of 9.22% and a net margin of 3.38%. The business had revenue of $139.80 million for the quarter, compared to analyst estimates of $140.27 million. Analysts predict that Addus Homecare will post 2 earnings per share for the current fiscal year.
In other Addus Homecare news, insider W Bradley Bickham sold 705 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $64.13, for a total value of $45,211.65. Following the sale, the insider now owns 21,010 shares in the company, valued at $1,347,371.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO R Dirk Allison sold 2,734 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $64.36, for a total value of $175,960.24. Following the completion of the sale, the chief executive officer now owns 50,463 shares in the company, valued at approximately $3,247,798.68. The disclosure for this sale can be found here. Insiders sold 10,534 shares of company stock worth $683,286 in the last 90 days. Corporate insiders own 34.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC bought a new stake in Addus Homecare in the fourth quarter valued at approximately $66,000. Legal & General Group Plc raised its stake in Addus Homecare by 32.5% in the third quarter. Legal & General Group Plc now owns 1,428 shares of the company’s stock valued at $100,000 after buying an additional 350 shares during the period. SG Americas Securities LLC bought a new stake in Addus Homecare in the fourth quarter valued at approximately $151,000. Municipal Employees Retirement System of Michigan bought a new stake in Addus Homecare in the fourth quarter valued at approximately $193,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in Addus Homecare in the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 95.22% of the company’s stock.
Addus Homecare Company Profile
Addus HomeCare Corporation 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's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.
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