Addus Homecare (NASDAQ:ADUS) has been assigned a $43.00 price objective by analysts at Robert W. Baird in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 1.42% from the company’s current price.
A number of other brokerages have also recently commented on ADUS. BidaskClub upgraded shares of Addus Homecare from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Addus Homecare from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $42.33.
Addus Homecare (ADUS) opened at $42.40 on Wednesday. Addus Homecare has a 52-week low of $29.90 and a 52-week high of $43.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.68. The company has a market cap of $503.07, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 1.91 and a beta of 0.13.
Addus Homecare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, March 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Addus Homecare had a net margin of 3.20% and a return on equity of 10.05%. The business had revenue of $111.96 million for the quarter, compared to analysts’ expectations of $110.82 million.
In other news, CFO Brian Poff sold 1,240 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $34.06, for a total value of $42,234.40. Following the transaction, the chief financial officer now owns 24,623 shares in the company, valued at $838,659.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Dirk Allison sold 911 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $34.04, for a total transaction of $31,010.44. Following the completion of the transaction, the chief executive officer now owns 42,986 shares in the company, valued at approximately $1,463,243.44. The disclosure for this sale can be found here. Insiders sold 7,109 shares of company stock worth $258,061 in the last 90 days. Company insiders own 35.80% of the company’s stock.
Several institutional investors have recently modified their holdings of ADUS. Northern Trust Corp grew its holdings in shares of Addus Homecare by 4.4% in the second quarter. Northern Trust Corp now owns 139,906 shares of the company’s stock worth $5,204,000 after purchasing an additional 5,929 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Addus Homecare by 6.6% in the second quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock worth $12,622,000 after purchasing an additional 20,858 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Addus Homecare in the second quarter worth approximately $421,000. State Street Corp grew its holdings in shares of Addus Homecare by 12.7% in the second quarter. State Street Corp now owns 122,306 shares of the company’s stock worth $4,549,000 after purchasing an additional 13,788 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Addus Homecare by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,614 shares of the company’s stock worth $246,000 after purchasing an additional 517 shares during the last quarter. Hedge funds and other institutional investors own 59.26% of the company’s stock.
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Addus Homecare Company Profile
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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