Addus HomeCare (NASDAQ:ADUS) Stock Rating Upgraded by Truist Financial

Addus HomeCare (NASDAQ:ADUS) was upgraded by equities researchers at Truist Financial to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently issued reports on ADUS. BMO Capital Markets began coverage on shares of Addus HomeCare in a research note on Thursday, November 13th. They issued a “market perform” rating and a $120.00 target price on the stock. Royal Bank Of Canada lifted their target price on shares of Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Barclays increased their price objective on Addus HomeCare from $111.00 to $117.00 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. TD Cowen raised their target price on Addus HomeCare from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Cowen reissued a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Addus HomeCare currently has a consensus rating of “Moderate Buy” and an average target price of $136.90.

Addus HomeCare Stock Down 0.4%

Shares of NASDAQ ADUS opened at $112.33 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $2.08 billion, a PE ratio of 24.05, a P/E/G ratio of 1.35 and a beta of 0.92. Addus HomeCare has a one year low of $88.96 and a one year high of $136.72. The business’s fifty day moving average price is $113.26 and its 200-day moving average price is $113.44.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, November 3rd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.03. Addus HomeCare had a net margin of 6.36% and a return on equity of 9.53%. The firm had revenue of $362.30 million during the quarter, compared to the consensus estimate of $354.48 million. During the same quarter last year, the company earned $1.30 earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. On average, equities research analysts anticipate that Addus HomeCare will post 4.59 EPS for the current year.

Insider Activity at Addus HomeCare

In related news, EVP Darby Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the completion of the sale, the executive vice president owned 44,144 shares of the company’s stock, valued at $4,811,696. This trade represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 20,316 shares of company stock worth $2,215,998 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Addus HomeCare

Institutional investors have recently modified their holdings of the business. Hohimer Wealth Management LLC grew its position in Addus HomeCare by 3.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after purchasing an additional 88 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Addus HomeCare by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,854 shares of the company’s stock worth $214,000 after buying an additional 89 shares during the period. Amalgamated Bank raised its stake in Addus HomeCare by 1.8% during the 3rd quarter. Amalgamated Bank now owns 5,240 shares of the company’s stock valued at $618,000 after purchasing an additional 93 shares during the period. First Hawaiian Bank raised its position in shares of Addus HomeCare by 2.0% during the first quarter. First Hawaiian Bank now owns 4,898 shares of the company’s stock valued at $484,000 after buying an additional 95 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in Addus HomeCare by 1.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 5,335 shares of the company’s stock worth $615,000 after purchasing an additional 101 shares in the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

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.