Addus HomeCare Corporation (NASDAQ:ADUS) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $129.33.

ADUS has been the subject of several analyst reports. Royal Bank Of Canada raised their target price on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Raymond James Financial set a $137.00 price target on 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. Citigroup downgraded shares of Addus HomeCare from a “market outperform” rating to a “neutral” rating in a report on Monday, September 14th. Finally, Barclays raised their price objective on shares of Addus HomeCare from $92.00 to $96.00 and gave the company an “underweight” rating in a research report on Wednesday, July 8th.

Institutional Trading of Addus HomeCare

Institutional investors and hedge funds have recently bought and sold shares of the company. Net Worth Advisory Group grew its stake in Addus HomeCare by 4.1% in the 3rd quarter. Net Worth Advisory Group now owns 3,419 shares of the company’s stock worth $382,000 after buying an additional 136 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Addus HomeCare by 98.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 11,710 shares of the company’s stock valued at $1,294,000 after buying an additional 5,805 shares in the last quarter. ZWJ Investment Counsel Inc. purchased a new stake in shares of Addus HomeCare during the 3rd quarter valued at $202,000. GAMMA Investing LLC raised its position in shares of Addus HomeCare by 18.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,639 shares of the company’s stock valued at $181,000 after buying an additional 251 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Addus HomeCare during the 2nd quarter worth $664,000. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Addus HomeCare Trading Down 0.7%

NASDAQ:ADUS opened at $115.16 on Tuesday. The company has a market cap of $2.15 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.65 and a beta of 0.83. The stock’s fifty day moving average price is $116.32 and its two-hundred day moving average price is $105.68. Addus HomeCare has a 1 year low of $87.95 and a 1 year high of $124.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.69.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly 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. The firm had revenue of $377.41 million during the quarter, compared to analyst estimates of $376.24 million. Addus HomeCare had a return on equity of 9.96% and a net margin of 7.13%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. As a group, analysts expect that Addus HomeCare will post 6.33 EPS for the current year.

About Addus HomeCare

Addus HomeCare Corporation is a provider of home-based health care and support services for older adults, people with disabilities and other individuals who require assistance at home. The company’s services are designed to help clients maintain independence and avoid or delay institutional care.

Addus operates through three primary service lines: personal care, home health and hospice. Personal care services include assistance with daily activities such as bathing, dressing, meal preparation and mobility.