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

BidaskClub upgraded shares of Addus Homecare (NASDAQ:ADUS) from a buy rating to a strong-buy rating in a research note published on Friday morning.

ADUS has been the topic of several other reports. Cantor Fitzgerald assumed coverage on Addus Homecare in a research note on Wednesday, September 12th. They issued an overweight rating and a $77.00 price objective on the stock. Royal Bank of Canada assumed coverage on Addus Homecare in a research note on Monday, October 8th. They issued an outperform rating and a $81.00 price objective on the stock. Zacks Investment Research lowered Addus Homecare from a hold rating to a strong sell rating in a research note on Monday, October 22nd. Raymond James assumed coverage on Addus Homecare in a research note on Monday, August 20th. They issued an outperform rating and a $75.00 price objective on the stock. Finally, Stephens lifted their price objective on Addus Homecare from $67.00 to $75.00 and gave the company an overweight rating in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $73.50.

NASDAQ ADUS opened at $74.22 on Friday. The stock has a market capitalization of $989.97 million, a PE ratio of 51.19, a PEG ratio of 2.99 and a beta of -0.26. Addus Homecare has a 1-year low of $31.20 and a 1-year high of $77.82. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37.

Addus Homecare (NASDAQ:ADUS) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. The business had revenue of $137.63 million for the quarter, compared to analyst estimates of $139.43 million. Addus Homecare had a return on equity of 9.55% and a net margin of 3.25%. Sell-side analysts expect that Addus Homecare will post 1.69 EPS for the current fiscal year.

In related news, insider James Zoccoli sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $71.30, for a total transaction of $1,782,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Eos Capital Partners Iii L. P sold 540,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $72.46, for a total value of $39,128,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 923,400 shares of company stock worth $66,935,850 over the last three months. 34.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in ADUS. Vanguard Group Inc. raised its position in shares of Addus Homecare by 48.5% in the 3rd quarter. Vanguard Group Inc. now owns 544,748 shares of the company’s stock valued at $38,214,000 after purchasing an additional 177,827 shares in the last quarter. Sawgrass Asset Management LLC acquired a new position in shares of Addus Homecare in the 3rd quarter valued at approximately $434,000. TIAA CREF Investment Management LLC raised its position in shares of Addus Homecare by 87.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 96,758 shares of the company’s stock valued at $6,788,000 after purchasing an additional 45,214 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Addus Homecare by 8.2% in the 3rd quarter. Teachers Advisors LLC now owns 17,138 shares of the company’s stock valued at $1,202,000 after purchasing an additional 1,306 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Addus Homecare by 348.5% in the 3rd quarter. AQR Capital Management LLC now owns 177,531 shares of the company’s stock valued at $12,454,000 after purchasing an additional 137,945 shares in the last quarter.

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. The company's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.

Further Reading: Dividend

Analyst Recommendations for Addus Homecare (NASDAQ:ADUS)

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