Brokerages Set Addus HomeCare Corporation (NASDAQ:ADUS) Price Target at $128.00

Addus HomeCare Corporation (NASDAQ:ADUS) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $128.00.

A number of brokerages have recently issued reports on ADUS. Bank of America reissued a “neutral” rating and issued a $125.00 price objective (down from $140.00) on shares of Addus HomeCare in a research note on Monday, September 14th. Raymond James Financial set a $125.00 target price on shares of Addus HomeCare in a report on Monday, September 14th. Royal Bank Of Canada increased their price target on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Citigroup downgraded Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research report on Monday, September 14th. Finally, Barclays upped their price objective on Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 8th.

Institutional Investors Weigh In On Addus HomeCare

Institutional investors have recently added to or reduced their stakes in the stock. NFJ Investment Group LLC bought a new position in Addus HomeCare during the second quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Addus HomeCare by 73.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 325 shares of the company’s stock worth $35,000 after buying an additional 138 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Addus HomeCare by 66.3% in the 1st quarter. Parallel Advisors LLC now owns 404 shares of the company’s stock worth $38,000 after buying an additional 161 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Addus HomeCare by 195.5% in the 4th quarter. Clearstead Advisors LLC now owns 458 shares of the company’s stock worth $49,000 after buying an additional 303 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Addus HomeCare during the 2nd quarter valued at about $79,000. 95.35% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Trading Down 1.0%

Shares of NASDAQ:ADUS opened at $114.24 on Friday. The stock has a 50 day moving average of $116.91 and a 200 day moving average of $103.83. The company has a market cap of $2.13 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.65 and a beta of 0.86. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.05. Addus HomeCare has a 12-month low of $87.95 and a 12-month high of $124.43.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Monday, August 3rd. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. Addus HomeCare had a net margin of 7.13% and a return on equity of 9.96%. The company had revenue of $377.41 million for the quarter, compared to analysts’ expectations of $376.24 million. During the same quarter last year, the business earned $1.49 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts expect that Addus HomeCare will post 6.3 EPS for the current year.

Addus HomeCare Company Profile

Addus HomeCare Corporation provides home-based care services to older adults, people with disabilities and individuals with chronic or complex medical needs. The company operates through three primary service lines: personal care, hospice and home health.

Its personal care services include assistance with daily living activities, such as bathing, dressing, meal preparation and household tasks. Addus also provides hospice care for individuals with terminal illnesses, as well as home health services that may include skilled nursing, therapy and other clinical support.