Addus HomeCare Corporation’s (ADUS) Buy Rating Reiterated at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of Addus HomeCare Corporation (NASDAQ:ADUS) in a research report report published on Tuesday. Oppenheimer Holdings, Inc. currently has a $45.00 price objective on the stock.
Several other equities research analysts have also recently issued reports on ADUS. BidaskClub cut shares of Addus HomeCare Corporation from a sell rating to a strong sell rating in a report on Saturday, August 5th. Zacks Investment Research cut shares of Addus HomeCare Corporation from a buy rating to a hold rating in a research note on Tuesday, May 9th. ValuEngine upgraded shares of Addus HomeCare Corporation from a hold rating to a buy rating in a research note on Tuesday, August 1st. Finally, Robert W. Baird reiterated a hold rating and set a $40.00 price target on shares of Addus HomeCare Corporation in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $41.33.
Addus HomeCare Corporation (ADUS) opened at 34.15 on Tuesday. The company’s 50-day moving average price is $35.08 and its 200 day moving average price is $35.14. The company has a market capitalization of $391.70 million, a price-to-earnings ratio of 24.38 and a beta of 0.23. Addus HomeCare Corporation has a 12 month low of $23.68 and a 12 month high of $40.75.
Addus HomeCare Corporation (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.47%. The firm had revenue of $103.60 million during the quarter, compared to the consensus estimate of $104.39 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts forecast that Addus HomeCare Corporation will post $1.60 EPS for the current fiscal year.
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In other news, EVP Darby Anderson sold 5,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the sale, the executive vice president now owns 31,604 shares in the company, valued at approximately $1,193,999.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brenda A. Belger sold 6,250 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $38.58, for a total transaction of $241,125.00. Following the completion of the sale, the insider now owns 17,331 shares of the company’s stock, valued at approximately $668,629.98. The disclosure for this sale can be found here. 35.80% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. American International Group Inc. raised its position in Addus HomeCare Corporation by 7.0% in the first quarter. American International Group Inc. now owns 4,548 shares of the company’s stock valued at $146,000 after buying an additional 299 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Addus HomeCare Corporation during the first quarter worth about $160,000. ClariVest Asset Management LLC bought a new position in shares of Addus HomeCare Corporation during the second quarter worth about $201,000. Nordea Investment Management AB bought a new position in shares of Addus HomeCare Corporation during the second quarter worth about $201,000. Finally, Highbridge Capital Management LLC bought a new position in shares of Addus HomeCare Corporation during the first quarter worth about $238,000. Institutional investors and hedge funds own 93.13% of the company’s stock.
Addus HomeCare Corporation Company Profile
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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