Addus HomeCare (NASDAQ:ADUS) Hits New 1-Year High – Here’s What Happened

Addus HomeCare Corporation (NASDAQ:ADUS) hit a new 52-week high during trading on Thursday. The company traded as high as $124.65 and last traded at $123.6030, with a volume of 14,824 shares. The stock had previously closed at $122.18.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays upped their target price on Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 8th. Raymond James Financial set a $137.00 price target on shares of Addus HomeCare in a research report on Monday, September 28th. Weiss Ratings upgraded Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Royal Bank Of Canada lifted their target price on shares of Addus HomeCare from $130.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Citigroup cut Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.33.

Addus HomeCare Stock Up 2.0%

The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a 50 day moving average price of $116.82 and a 200-day moving average price of $106.31.

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 firm had revenue of $377.41 million during the quarter, compared to analyst estimates of $376.24 million. During the same quarter in the previous year, the business earned $1.49 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts predict that Addus HomeCare Corporation will post 6.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Addus HomeCare

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Addus HomeCare during the 2nd quarter worth approximately $344,153,000. Dimensional Fund Advisors LP grew its holdings in shares of Addus HomeCare by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock valued at $69,689,000 after acquiring an additional 78,415 shares in the last quarter. Bank of America Corp DE bought a new stake in Addus HomeCare during the second quarter worth about $35,527,000. TimesSquare Capital Management LLC acquired a new stake in shares of Addus HomeCare in the 2nd quarter valued at approximately $31,502,000. Finally, Punch & Associates Investment Management Inc. bought a new position in shares of Addus HomeCare in the 2nd quarter valued at about $20,911,000. 95.35% of the stock is currently owned by institutional investors.

Addus HomeCare Company Profile

Addus HomeCare Inc (NASDAQ: ADUS) provides in-home personal care, hospice and home health services to older adults, people with disabilities and other individuals who need assistance with daily living or medical care. Its services are designed to help clients remain safely and independently in their homes while supporting families and caregivers.

The company’s personal care services include assistance with bathing, dressing, grooming, meal preparation, housekeeping and other activities of daily living.