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

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $131.00.

A number of equities analysts have issued reports on ADUS shares. Wall Street Zen cut Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Weiss Ratings lowered shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. Barclays reduced their price target on shares of Addus HomeCare from $102.00 to $92.00 and set an “underweight” rating for the company in a report on Friday, May 15th. Stephens decreased their price target on shares of Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Finally, KeyCorp reissued an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th.

Institutional Investors Weigh In On Addus HomeCare

A number of hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in shares of Addus HomeCare by 395.7% during the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after purchasing an additional 186 shares during the period. Larson Financial Group LLC grew its position in Addus HomeCare by 133.3% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after purchasing an additional 136 shares during the period. Acumen Wealth Advisors LLC bought a new stake in Addus HomeCare during the 4th quarter valued at $29,000. Private Trust Co. NA increased its stake in Addus HomeCare by 65.5% during the 4th quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after purchasing an additional 112 shares in the last quarter. Finally, Arax Advisory Partners raised its holdings in Addus HomeCare by 95.8% during the fourth quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Addus HomeCare Stock Performance

Shares of ADUS stock opened at $92.70 on Wednesday. The stock has a market capitalization of $1.73 billion, a PE ratio of 17.13, a PEG ratio of 1.24 and a beta of 0.89. The business’s 50 day simple moving average is $93.78 and its 200 day simple moving average is $103.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.83. Addus HomeCare has a one year low of $87.95 and a one year high of $124.43.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, May 4th. The company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The company had revenue of $363.50 million for the quarter, compared to analyst estimates of $366.41 million. During the same period in the prior year, the firm posted $1.42 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts forecast that Addus HomeCare will post 6.24 earnings per share for the current 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.