Addus Homecare Co. (NASDAQ:ADUS) Receives Average Rating of “Buy” from Analysts

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Shares of Addus Homecare Co. (NASDAQ:ADUS) have been given an average recommendation of “Buy” by the nine analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $92.00.

A number of brokerages have recently weighed in on ADUS. BidaskClub raised shares of Addus Homecare from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. BMO Capital Markets set a $85.00 price target on shares of Addus Homecare and gave the stock a “hold” rating in a research report on Wednesday, August 7th. William Blair reissued an “outperform” rating on shares of Addus Homecare in a research report on Friday, August 9th. Sidoti set a $115.00 price target on shares of Addus Homecare and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, ValuEngine cut shares of Addus Homecare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

In related news, insider W Bradley Bickham sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $80.67, for a total transaction of $1,210,050.00. Following the sale, the insider now directly owns 38,311 shares in the company, valued at $3,090,548.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Laurie Manning sold 990 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $83.21, for a total transaction of $82,377.90. The disclosure for this sale can be found here. Company insiders own 20.10% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Marshall Wace North America L.P. acquired a new stake in Addus Homecare in the 1st quarter valued at $34,000. Bank of Montreal Can increased its stake in Addus Homecare by 58.9% in the 1st quarter. Bank of Montreal Can now owns 545 shares of the company’s stock valued at $35,000 after buying an additional 202 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Addus Homecare in the 2nd quarter valued at $40,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Addus Homecare by 31.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 546 shares of the company’s stock valued at $41,000 after buying an additional 130 shares during the last quarter. Finally, Exane Derivatives acquired a new stake in Addus Homecare in the 2nd quarter valued at $95,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

ADUS stock traded up $0.55 during midday trading on Friday, reaching $80.27. The company’s stock had a trading volume of 1,367 shares, compared to its average volume of 130,870. The business’s 50-day simple moving average is $82.35 and its 200-day simple moving average is $74.69. The stock has a market cap of $1.26 billion, a PE ratio of 47.49, a price-to-earnings-growth ratio of 2.62 and a beta of -0.17. Addus Homecare has a 52 week low of $57.94 and a 52 week high of $92.91. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.17.

Addus Homecare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $149.69 million for the quarter, compared to analysts’ expectations of $146.66 million. Addus Homecare had a net margin of 3.31% and a return on equity of 8.55%. As a group, equities analysts forecast that Addus Homecare will post 2.01 earnings per share for the current fiscal year.

About Addus Homecare

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. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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Analyst Recommendations for Addus Homecare (NASDAQ:ADUS)

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