Addus Homecare (ADUS) Upgraded to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Addus Homecare (NASDAQ:ADUS) from a strong sell rating to a hold rating in a report released on Tuesday morning.
According to Zacks, “ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. The company’s services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing. “
A number of other analysts have also weighed in on the company. BidaskClub raised Addus Homecare from a sell rating to a hold rating in a research report on Friday, January 5th. Oppenheimer reissued a buy rating and issued a $45.00 target price on shares of Addus Homecare in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Addus Homecare presently has an average rating of Hold and an average price target of $41.33.
Shares of Addus Homecare (NASDAQ ADUS) opened at $36.90 on Tuesday. Addus Homecare has a 12-month low of $29.90 and a 12-month high of $40.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market capitalization of $437.93, a price-to-earnings ratio of 23.81, a PEG ratio of 1.66 and a beta of 0.17.
Addus Homecare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Addus Homecare had a return on equity of 10.35% and a net margin of 4.30%. The business had revenue of $108.60 million for the quarter, compared to analyst estimates of $108.99 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. research analysts forecast that Addus Homecare will post 1.42 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of ADUS. Northern Trust Corp grew its holdings in shares of Addus Homecare by 4.4% during the second quarter. Northern Trust Corp now owns 139,906 shares of the company’s stock worth $5,204,000 after purchasing an additional 5,929 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Addus Homecare by 12.3% during the second quarter. Wells Fargo & Company MN now owns 54,035 shares of the company’s stock worth $2,010,000 after purchasing an additional 5,923 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new position in shares of Addus Homecare during the third quarter worth about $1,385,000. Parametric Portfolio Associates LLC purchased a new position in shares of Addus Homecare during the second quarter worth about $421,000. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Addus Homecare by 28.4% during the second quarter. TIAA CREF Investment Management LLC now owns 28,090 shares of the company’s stock worth $1,045,000 after purchasing an additional 6,215 shares during the last quarter. 92.97% of the stock is currently owned by hedge funds and other institutional investors.
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About Addus Homecare
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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