Analysts Set Addus HomeCare Corporation (NASDAQ:ADUS) PT at $137.11

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $137.1111.

ADUS has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Addus HomeCare in a research report on Wednesday, September 3rd. BMO Capital Markets started coverage on shares of Addus HomeCare in a research report on Thursday, November 13th. They issued a “market perform” rating and a $120.00 price target for the company. Cowen restated a “buy” rating on shares of Addus HomeCare in a research note on Wednesday, November 5th. TD Cowen increased their price target on Addus HomeCare from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, October 8th.

Addus HomeCare Trading Up 0.7%

Shares of Addus HomeCare stock opened at $112.82 on Wednesday. Addus HomeCare has a 1-year low of $88.96 and a 1-year high of $136.72. The company’s fifty day simple moving average is $115.79 and its 200-day simple moving average is $113.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $2.08 billion, a PE ratio of 24.16, a P/E/G ratio of 1.50 and a beta of 0.94.

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

Insider Activity

In other news, EVP Darby Anderson sold 20,000 shares of Addus HomeCare stock in a transaction that occurred on Wednesday, November 19th. The shares were 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 $4,811,696. This trade represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 20,316 shares of company stock worth $2,215,998 in the last quarter. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

Several institutional investors have recently bought and sold shares of ADUS. Hohimer Wealth Management LLC lifted its stake in 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 in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Addus HomeCare by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 1,854 shares of the company’s stock worth $214,000 after buying an additional 89 shares in the last quarter. Amalgamated Bank boosted 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 during the last quarter. First Hawaiian Bank boosted its stake in Addus HomeCare by 2.0% during the first quarter. First Hawaiian Bank now owns 4,898 shares of the company’s stock valued at $484,000 after buying an additional 95 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in Addus HomeCare by 1.9% during the 2nd 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. 95.35% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Company Profile

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.