Addus HomeCare (NASDAQ:ADUS) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Addus HomeCare (NASDAQ:ADUS – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday,Wall Street Zen reports.

ADUS has been the subject of a number of other research reports. Citigroup cut shares of Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research note on Monday, September 14th. Royal Bank Of Canada lifted their price objective on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. UBS Group boosted their price objective on Addus HomeCare from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. Finally, TD Cowen increased their target price on Addus HomeCare from $131.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.70.

Check Out Our Latest Stock Report on ADUS

Addus HomeCare Price Performance

Shares of NASDAQ ADUS opened at $122.42 on Friday. The firm has a market cap of $2.29 billion, a P/E ratio of 20.40, a PEG ratio of 1.82 and a beta of 0.75. Addus HomeCare has a twelve month low of $87.95 and a twelve month high of $131.59. The company has a quick ratio of 1.69, a current ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $117.74 and a 200 day moving average of $106.95.

Addus HomeCare (NASDAQ:ADUS – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. Addus HomeCare had a net margin of 7.39% and a return on equity of 10.22%. The firm had revenue of $387.74 million during the quarter, compared to analyst estimates of $388.72 million. During the same period in the previous year, the business posted $1.56 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts expect that Addus HomeCare will post 6.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Addus HomeCare

Institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its holdings in shares of Addus HomeCare by 21.3% in the third quarter. Hantz Financial Services Inc. now owns 620 shares of the company’s stock valued at $69,000 after buying an additional 109 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Addus HomeCare by 8.6% in the third quarter. Russell Investments Group Ltd. now owns 82,792 shares of the company’s stock worth $9,152,000 after buying an additional 6,538 shares during the period. King Luther Capital Management Corp lifted its position in shares of Addus HomeCare by 1.7% in the third quarter. King Luther Capital Management Corp now owns 35,078 shares of the company’s stock worth $3,878,000 after purchasing an additional 582 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Addus HomeCare by 52.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 4,037 shares of the company’s stock valued at $446,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Addus HomeCare in the 3rd quarter worth about $1,274,000. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Addus HomeCare Company Profile

(Get Free Report)

Addus HomeCare Corporation provides home-based care services to older adults and people with disabilities. Its services are designed to help clients receive care at home and in other community-based settings.

The company operates through personal care, hospice and home health services. Personal care includes assistance with daily activities; hospice provides end-of-life care and support; and home health offers skilled nursing and therapy services.

Founded in 1979, Addus serves communities across multiple states.

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