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 report sent to investors on Wednesday morning, BidAskClub reports.

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

Shares of NASDAQ ADUS opened at $88.43 on Wednesday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 52.33, a price-to-earnings-growth ratio of 2.68 and a beta of -0.10. Addus Homecare has a 52-week low of $57.94 and a 52-week high of $92.91. The company’s 50-day simple moving average is $79.13 and its 200-day simple moving average is $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.

Addus Homecare (NASDAQ:ADUS) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $149.69 million for the quarter, compared to analyst estimates of $146.66 million. Addus Homecare had a net margin of 3.31% and a return on equity of 8.55%. Equities research analysts anticipate that Addus Homecare will post 2.01 EPS for the current fiscal year.

In other Addus Homecare news, Director Mark L. First sold 440,000 shares of Addus Homecare stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $74.08, for a total transaction of $32,595,200.00. Following the transaction, the director now directly owns 19,151 shares of the company’s stock, valued at $1,418,706.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider W Bradley Bickham sold 15,000 shares of Addus Homecare stock in a transaction dated 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 transaction, the insider now directly owns 38,311 shares in the company, valued at $3,090,548.37. The disclosure for this sale can be found here. 20.10% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in Addus Homecare by 3.6% during the second quarter. BlackRock Inc. now owns 1,551,759 shares of the company’s stock worth $116,305,000 after purchasing an additional 54,424 shares during the period. TimesSquare Capital Management LLC raised its stake in Addus Homecare by 4.0% during the second quarter. TimesSquare Capital Management LLC now owns 918,300 shares of the company’s stock worth $68,827,000 after purchasing an additional 35,570 shares during the period. Invesco Ltd. raised its stake in 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 period. Royal Bank of Canada raised its stake in Addus Homecare by 8.5% during the second quarter. Royal Bank of Canada now owns 255,645 shares of the company’s stock worth $19,161,000 after purchasing an additional 20,096 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in Addus Homecare by 15.3% during the second quarter. Allianz Asset Management GmbH now owns 235,279 shares of the company’s stock worth $17,634,000 after purchasing an additional 31,152 shares during the period. 97.81% of the stock is currently owned by institutional investors.

About Addus Homecare

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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