Addus HomeCare Corporation (NASDAQ:ADUS) Stock Has Consensus Target Price of $134.70

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $134.70.

ADUS has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price target on shares of Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Raymond James Financial set a $137.00 price objective on shares of Addus HomeCare in a research report on Monday, September 28th. Weiss Ratings raised shares of Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Barclays increased their price objective on shares of Addus HomeCare from $96.00 to $101.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 4th. Finally, TD Cowen raised their target price on shares of Addus HomeCare from $131.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 5th.

Institutional Investors Weigh In On Addus HomeCare

A number of hedge funds have recently added to or reduced their stakes in ADUS. Hantz Financial Services Inc. grew its position in shares of Addus HomeCare by 21.3% during the third quarter. Hantz Financial Services Inc. now owns 620 shares of the company’s stock worth $69,000 after acquiring an additional 109 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Addus HomeCare by 8.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 82,792 shares of the company’s stock valued at $9,152,000 after purchasing an additional 6,538 shares during the last quarter. King Luther Capital Management Corp lifted its position in Addus HomeCare by 1.7% in the 3rd quarter. King Luther Capital Management Corp now owns 35,078 shares of the company’s stock valued at $3,878,000 after purchasing an additional 582 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in Addus HomeCare by 52.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 4,037 shares of the company’s stock valued at $446,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Addus HomeCare during the 3rd quarter valued at about $1,274,000. 95.35% of the stock is currently owned by institutional investors.

Addus HomeCare Trading Down 1.5%

Shares of NASDAQ ADUS opened at $122.42 on Friday. The stock’s 50 day moving average price is $117.74 and its two-hundred day moving average price is $106.95. Addus HomeCare has a 52-week low of $87.95 and a 52-week high of $131.59. The stock has a market capitalization of $2.29 billion, a P/E ratio of 20.40, a PEG ratio of 1.82 and a beta of 0.75. The company has a quick ratio of 1.69, a current ratio of 1.64 and a debt-to-equity ratio of 0.02.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Tuesday, November 3rd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. The company had revenue of $387.74 million for the quarter, compared to the consensus estimate of $388.72 million. Addus HomeCare had a return on equity of 10.22% and a net margin of 7.39%. Addus HomeCare’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.56 EPS. On average, analysts anticipate that Addus HomeCare will post 6.34 earnings per share for the current fiscal year.

About Addus HomeCare

Addus HomeCare Corporation provides home-based care services to older adults and people with disabilities. Its services are designed to help clients receive care at home and in other community-based settings.

The company operates through personal care, hospice and home health services. Personal care includes assistance with daily activities; hospice provides end-of-life care and support; and home health offers skilled nursing and therapy services.

Founded in 1979, Addus serves communities across multiple states.