Stephens Initiates Coverage on Addus Homecare (NASDAQ:ADUS)

Stock analysts at Stephens assumed coverage on shares of Addus Homecare (NASDAQ:ADUS) in a research report issued on Monday, The Fly reports. The brokerage set an “overweight” rating on the stock.

A number of other research analysts have also recently issued reports on ADUS. BMO Capital Markets set a $85.00 price objective on Addus Homecare and gave the company a “hold” rating in a research note on Wednesday, August 7th. ValuEngine cut Addus Homecare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James set a $92.00 price objective on Addus Homecare and gave the company an “outperform” rating in a research note on Wednesday, August 7th. William Blair reiterated an “outperform” rating on shares of Addus Homecare in a research note on Friday, August 9th. Finally, Zacks Investment Research upgraded Addus Homecare from a “hold” rating to a “strong-buy” rating and set a $94.00 price objective for the company in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $92.00.

ADUS opened at $84.79 on Monday. The stock has a market cap of $1.33 billion, a PE ratio of 50.17, a PEG ratio of 2.77 and a beta of -0.17. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $81.32 and a 200-day moving average of $76.10. Addus Homecare has a 52 week low of $57.94 and a 52 week high of $92.91.

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

In other Addus Homecare news, EVP Laurie Manning sold 990 shares of Addus Homecare stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $83.21, for a total value of $82,377.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider W Bradley Bickham sold 15,000 shares of Addus Homecare stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $80.67, for a total value of $1,210,050.00. Following the completion of the sale, 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. 20.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Addus Homecare by 31.3% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 546 shares of the company’s stock worth $41,000 after acquiring an additional 130 shares during the period. 6 Meridian grew its holdings in shares of Addus Homecare by 2.0% in the second quarter. 6 Meridian now owns 7,508 shares of the company’s stock worth $563,000 after acquiring an additional 147 shares during the period. Envestnet Asset Management Inc. grew its holdings in Addus Homecare by 2.3% during the third quarter. Envestnet Asset Management Inc. now owns 7,584 shares of the company’s stock valued at $601,000 after purchasing an additional 169 shares during the period. Great Lakes Advisors LLC grew its holdings in Addus Homecare by 0.4% during the second quarter. Great Lakes Advisors LLC now owns 46,322 shares of the company’s stock valued at $3,472,000 after purchasing an additional 185 shares during the period. Finally, Arizona State Retirement System grew its holdings in Addus Homecare by 1.2% during the second quarter. Arizona State Retirement System now owns 15,746 shares of the company’s stock valued at $1,180,000 after purchasing an additional 188 shares during the period. 85.40% of the stock is owned by institutional investors.

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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