Analysts Set Addus Homecare Co. (ADUS) PT at $77.13

Addus Homecare Co. (NASDAQ:ADUS) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $77.13.

Several research analysts have issued reports on ADUS shares. BidaskClub cut shares of Addus Homecare from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research cut shares of Addus Homecare from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, ValuEngine cut shares of Addus Homecare from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th.

Addus Homecare stock traded down $0.09 during trading hours on Friday, hitting $72.53. The stock had a trading volume of 7,939 shares, compared to its average volume of 95,370. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.87 and a current ratio of 2.87. The stock has a market capitalization of $955.95 million, a PE ratio of 42.77, a price-to-earnings-growth ratio of 2.24 and a beta of -0.16. Addus Homecare has a 12-month low of $55.25 and a 12-month high of $77.82.

Addus Homecare (NASDAQ:ADUS) last issued its earnings results on Monday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $139.25 million during the quarter, compared to analysts’ expectations of $139.37 million. Addus Homecare had a net margin of 3.20% and a return on equity of 8.95%. As a group, equities research analysts forecast that Addus Homecare will post 2.08 EPS for the current fiscal year.

In related news, CFO Brian Poff sold 814 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $67.96, for a total transaction of $55,319.44. Following the completion of the sale, the chief financial officer now directly owns 18,241 shares in the company, valued at $1,239,658.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darby Anderson sold 533 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $64.45, for a total transaction of $34,351.85. Following the sale, the executive vice president now owns 28,392 shares of the company’s stock, valued at $1,829,864.40. The disclosure for this sale can be found here. Insiders have sold 21,347 shares of company stock valued at $1,501,071 over the last three months. 34.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System grew its position in Addus Homecare by 5.8% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 3,316 shares of the company’s stock valued at $225,000 after buying an additional 182 shares during the period. New York State Teachers Retirement System grew its position in Addus Homecare by 5.2% during the first quarter. New York State Teachers Retirement System now owns 3,902 shares of the company’s stock valued at $248,000 after buying an additional 192 shares during the period. First Trust Advisors LP grew its position in Addus Homecare by 1.1% during the first quarter. First Trust Advisors LP now owns 18,513 shares of the company’s stock valued at $1,177,000 after buying an additional 197 shares during the period. Bank of Montreal Can grew its position in Addus Homecare by 58.9% during the first quarter. Bank of Montreal Can now owns 545 shares of the company’s stock valued at $35,000 after buying an additional 202 shares during the period. Finally, Texas Permanent School Fund grew its position in Addus Homecare by 3.8% during the first quarter. Texas Permanent School Fund now owns 6,848 shares of the company’s stock valued at $435,000 after buying an additional 248 shares during the period. Institutional investors own 99.00% of the company’s stock.

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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