Shares of Addus Homecare Co. (NASDAQ:ADUS) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $76.38.
Several research analysts have recently weighed in on ADUS shares. Robert W. Baird raised Addus Homecare from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $72.00 to $75.00 in a research note on Monday, February 4th. BidaskClub downgraded Addus Homecare from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 18th. Zacks Investment Research downgraded Addus Homecare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Finally, ValuEngine downgraded Addus Homecare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th.
In other Addus Homecare news, CEO R Dirk Allison sold 2,734 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $64.36, for a total value of $175,960.24. Following the sale, the chief executive officer now owns 50,463 shares of the company’s stock, valued at approximately $3,247,798.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darby Anderson sold 533 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $64.45, for a total value of $34,351.85. Following the completion of the sale, the executive vice president now directly owns 28,392 shares in the company, valued at approximately $1,829,864.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,534 shares of company stock valued at $683,286. Company insiders own 34.80% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Chartwell Investment Partners LLC raised its position in Addus Homecare by 1.4% in the 1st quarter. Chartwell Investment Partners LLC now owns 39,240 shares of the company’s stock valued at $2,495,000 after purchasing an additional 532 shares in the last quarter. 6 Meridian acquired a new stake in shares of Addus Homecare during the 1st quarter worth about $468,000. Roubaix Capital LLC acquired a new stake in shares of Addus Homecare during the 1st quarter worth about $2,996,000. Deutsche Bank AG raised its position in shares of Addus Homecare by 136.0% during the 4th quarter. Deutsche Bank AG now owns 47,609 shares of the company’s stock worth $3,230,000 after acquiring an additional 27,436 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Addus Homecare by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 111,819 shares of the company’s stock worth $7,590,000 after acquiring an additional 7,384 shares in the last quarter. 95.22% of the stock is currently owned by institutional investors.
Shares of ADUS stock opened at $63.83 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $849.85 million, a PE ratio of 37.77, a price-to-earnings-growth ratio of 2.11 and a beta of -0.21. Addus Homecare has a 1-year low of $50.40 and a 1-year high of $77.82.
Addus Homecare (NASDAQ:ADUS) last announced its earnings results on Monday, March 4th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The business had revenue of $139.80 million during the quarter, compared to the consensus estimate of $140.27 million. Addus Homecare had a return on equity of 9.22% and a net margin of 3.38%. On average, sell-side analysts forecast that Addus Homecare will post 2 earnings per share for the current fiscal year.
Addus Homecare Company Profile
Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.
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