Addus HomeCare Corporation (NASDAQ:ADUS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $131.00.

Several brokerages have issued reports on ADUS. Weiss Ratings cut Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. KeyCorp reissued an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. Stephens reduced their price objective on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a report on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st.

Hedge Funds Weigh In On Addus HomeCare

Large investors have recently bought and sold shares of the business. Global Retirement Partners LLC raised its position in shares of Addus HomeCare by 395.7% during the 4th quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after purchasing an additional 186 shares during the period. Larson Financial Group LLC grew its stake in 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 last quarter. Acumen Wealth Advisors LLC bought a new position in Addus HomeCare during the 4th quarter worth $29,000. Private Trust Co. NA increased its position in Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after buying an additional 112 shares during the period. Finally, Arax Advisory Partners increased its position in Addus HomeCare by 95.8% in the fourth quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after buying an additional 137 shares during the period. Institutional investors own 95.35% of the company’s stock.

Addus HomeCare Trading Down 0.1%

NASDAQ ADUS opened at $94.71 on Wednesday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.83. Addus HomeCare has a 12 month low of $87.95 and a 12 month high of $124.43. The company’s fifty day moving average price is $93.86 and its two-hundred day moving average price is $102.86.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.10. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The company had revenue of $363.50 million during the quarter, compared to the consensus estimate of $366.41 million. During the same quarter in the previous year, the firm earned $1.42 EPS. The company’s revenue was up 7.7% on a year-over-year basis. As a group, research analysts predict that Addus HomeCare will post 6.24 earnings per share for the current fiscal year.

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.