Addus Homecare (NASDAQ:ADUS) Upgraded to Strong-Buy by BidaskClub

BidaskClub upgraded shares of Addus Homecare (NASDAQ:ADUS) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday, BidAskClub reports.

A number of other research firms have also recently commented on ADUS. Zacks Investment Research cut shares of Addus Homecare from a strong-buy rating to a hold rating in a research report on Tuesday, August 13th. BMO Capital Markets set a $85.00 price target on shares of Addus Homecare and gave the stock a hold rating in a report on Wednesday, August 7th. Oppenheimer raised their price target on shares of Addus Homecare from $80.00 to $91.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Raymond James set a $92.00 price target on shares of Addus Homecare and gave the stock an outperform rating in a report on Wednesday, August 7th. Finally, Sidoti raised their price target on shares of Addus Homecare from $84.00 to $96.00 and gave the stock a buy rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $83.44.

NASDAQ:ADUS opened at $88.43 on Wednesday. Addus Homecare has a 52 week low of $57.94 and a 52 week high of $92.91. The firm has a 50 day moving average of $79.13 and a 200 day moving average of $70.23. The company has a quick ratio of 2.87, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 2.68 and a beta of -0.10.



Addus Homecare (NASDAQ:ADUS) last posted its earnings results on Monday, August 5th. The company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. Addus Homecare had a net margin of 3.31% and a return on equity of 8.55%. The company had revenue of $149.69 million during the quarter, compared to analysts’ expectations of $146.66 million. As a group, analysts expect that Addus Homecare will post 2.01 EPS for the current year.

In other Addus Homecare news, Director Mark L. First sold 440,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $74.08, for a total value of $32,595,200.00. Following the completion of the transaction, the director now owns 19,151 shares of the company’s stock, valued at $1,418,706.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider W Bradley Bickham sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $80.67, for a total transaction of $1,210,050.00. Following the completion of the transaction, the insider now directly owns 38,311 shares of the company’s stock, valued at approximately $3,090,548.37. The disclosure for this sale can be found here. Company insiders own 20.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in shares of Addus Homecare by 199.7% during the second quarter. Invesco Ltd. now owns 330,362 shares of the company’s stock worth $24,760,000 after purchasing an additional 220,140 shares during the last quarter. Emerald Advisers LLC raised its holdings in shares of Addus Homecare by 253.2% during the second quarter. Emerald Advisers LLC now owns 228,098 shares of the company’s stock worth $17,096,000 after purchasing an additional 163,524 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Addus Homecare by 219.0% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 208,195 shares of the company’s stock worth $15,604,000 after purchasing an additional 142,924 shares during the last quarter. Pier Capital LLC purchased a new position in shares of Addus Homecare during the first quarter worth $9,015,000. Finally, TimesSquare Capital Management LLC raised its holdings in shares of Addus Homecare by 17.0% during the first quarter. TimesSquare Capital Management LLC now owns 882,730 shares of the company’s stock worth $56,133,000 after purchasing an additional 128,330 shares during the last quarter. 97.81% of the stock is owned by institutional investors and hedge funds.

Addus Homecare Company Profile

Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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Analyst Recommendations for Addus Homecare (NASDAQ:ADUS)

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