Addus HomeCare Corporation (NASDAQ:ADUS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Addus HomeCare Corporation (NASDAQ:ADUS) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $135.4444.

A number of analysts have commented on the company. Royal Bank Of Canada boosted their target price on Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Truist Financial set a $135.00 price objective on shares of Addus HomeCare and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Barclays increased their price objective on shares of Addus HomeCare from $111.00 to $117.00 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. TD Cowen restated a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, January 21st.

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, EVP Darby Anderson sold 20,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the sale, the executive vice president owned 44,144 shares in the company, valued at approximately $4,811,696. This represents a 31.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 20,316 shares of company stock valued at $2,215,998. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Addus HomeCare

A number of large investors have recently made changes to their positions in the stock. Hohimer Wealth Management LLC increased its position in shares of Addus HomeCare by 3.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after purchasing an additional 88 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in Addus HomeCare by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 1,854 shares of the company’s stock valued at $214,000 after buying an additional 89 shares during the last quarter. Amalgamated Bank raised its stake in Addus HomeCare by 1.8% during the third quarter. Amalgamated Bank now owns 5,240 shares of the company’s stock valued at $618,000 after buying an additional 93 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in Addus HomeCare by 1.9% during the second quarter. Maryland State Retirement & Pension System now owns 5,335 shares of the company’s stock valued at $615,000 after buying an additional 101 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Addus HomeCare by 2.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock worth $446,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Addus HomeCare Trading Down 1.2%

Shares of Addus HomeCare stock opened at $105.60 on Thursday. The company has a 50-day moving average of $111.00 and a two-hundred day moving average of $112.89. Addus HomeCare has a 12-month low of $88.96 and a 12-month high of $124.43. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.95 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.03. Addus HomeCare had a return on equity of 9.53% and a net margin of 6.36%.The business had revenue of $362.30 million for the quarter, compared to analysts’ expectations of $354.48 million. During the same quarter in the prior year, the firm posted $1.30 EPS. The company’s revenue was up 25.0% compared to the same quarter last year. On average, research analysts anticipate that Addus HomeCare will post 4.59 EPS for the current fiscal year.

About Addus HomeCare

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.