Addus HomeCare Corporation (NASDAQ:ADUS)‘s stock had its “buy” rating reiterated by stock analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Tuesday. They currently have a $45.00 price objective on the stock. Oppenheimer Holdings, Inc.’s price objective would suggest a potential upside of 34.73% from the company’s previous close.

Several other analysts have also weighed in on ADUS. Robert W. Baird reissued a “hold” rating and issued a $40.00 price objective on shares of Addus HomeCare Corporation in a report on Thursday, August 24th. Zacks Investment Research lowered Addus HomeCare Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. ValuEngine raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, BidaskClub lowered Addus HomeCare Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.33.

Addus HomeCare Corporation (ADUS) opened at 33.40 on Tuesday. The company’s 50-day moving average price is $34.12 and its 200-day moving average price is $35.18. The stock has a market cap of $383.10 million, a P/E ratio of 23.84 and a beta of 0.23. Addus HomeCare Corporation has a 1-year low of $24.40 and a 1-year high of $40.75.

Addus HomeCare Corporation (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $103.60 million during the quarter, compared to analyst estimates of $104.39 million. Addus HomeCare Corporation had a return on equity of 10.47% and a net margin of 3.94%. Addus HomeCare Corporation’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. Analysts predict that Addus HomeCare Corporation will post $1.60 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. American International Group Inc. increased its holdings 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 last quarter. ClariVest Asset Management LLC bought a new position in shares of Addus HomeCare Corporation during the second quarter valued at approximately $201,000. Nordea Investment Management AB bought a new position in shares of Addus HomeCare Corporation during the second quarter valued at approximately $201,000. Highbridge Capital Management LLC bought a new position in shares of Addus HomeCare Corporation during the first quarter valued at approximately $238,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Addus HomeCare Corporation during the first quarter valued at approximately $238,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

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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