Addus HomeCare (NASDAQ:ADUS) Given New $135.00 Price Target at Stephens

Addus HomeCare (NASDAQ:ADUS) had its target price lowered by Stephens from $140.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ target price points to a potential upside of 28.96% from the stock’s previous close.

Several other equities analysts also recently commented on ADUS. Wall Street Zen raised shares of Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research note on Monday. Truist Financial set a $135.00 price target on Addus HomeCare and gave the company a “buy” rating in a research note on Wednesday, January 7th. TD Cowen reissued a “buy” rating on shares of Addus HomeCare in a research note on Wednesday, November 5th. BMO Capital Markets assumed coverage on Addus HomeCare in a report on Thursday, November 13th. They set a “market perform” rating and a $120.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $134.33.

Addus HomeCare Price Performance

Shares of ADUS stock traded down $0.52 on Wednesday, hitting $104.69. 159,540 shares of the company’s stock were exchanged, compared to its average volume of 232,074. The company has a 50 day moving average of $109.68 and a 200 day moving average of $113.11. The stock has a market cap of $1.93 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66. Addus HomeCare has a 12 month low of $88.96 and a 12 month high of $124.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ADUS. Global Retirement Partners LLC increased its holdings in Addus HomeCare by 395.7% in 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 in the last quarter. Larson Financial Group LLC grew its position in shares of Addus HomeCare by 133.3% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock worth $28,000 after buying an additional 136 shares during the period. Acumen Wealth Advisors LLC bought a new stake in shares of Addus HomeCare in the 4th quarter valued at $29,000. Private Trust Co. NA lifted its position in shares of 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 acquiring an additional 112 shares during the period. Finally, Arax Advisory Partners boosted its stake 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 acquiring an additional 137 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

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.