Addus HomeCare’s (ADUS) “Neutral” Rating Reiterated at Bank of America

Bank of America reiterated their neutral rating on shares of Addus HomeCare (NASDAQ:ADUS) in a report released on Monday morning, Marketbeat Ratings reports. Bank of America currently has a $125.00 target price on the stock, down from their prior target price of $140.00.

A number of other brokerages also recently issued reports on ADUS. Citizens Jmp reaffirmed a “market outperform” rating and set a $142.00 price target on shares of Addus HomeCare in a research report on Monday, May 18th. Royal Bank Of Canada boosted their price target on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Barclays upped their price target on shares of Addus HomeCare from $92.00 to $96.00 and gave the company an “underweight” rating in a research note on Wednesday, July 8th. Citigroup reissued a “market outperform” rating on shares of Addus HomeCare in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Addus HomeCare currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Addus HomeCare Stock Up 2.3%

Addus HomeCare stock opened at $118.51 on Monday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.21 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.66 and a beta of 0.86. The business has a fifty day moving average of $116.32 and a two-hundred day moving average of $103.50. Addus HomeCare has a twelve month low of $87.95 and a twelve month high of $124.43.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.70 by $0.03. Addus HomeCare had a return on equity of 9.96% and a net margin of 7.13%.The firm had revenue of $377.41 million during the quarter, compared to analyst estimates of $376.24 million. During the same period in the previous year, the company posted $1.49 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts forecast that Addus HomeCare will post 6.3 earnings per share for the current fiscal year.

Insider Transactions at Addus HomeCare

In other news, insider Heather Dixon sold 288 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $93.77, for a total value of $27,005.76. Following the completion of the sale, the insider directly owned 44,371 shares in the company, valued at $4,160,668.67. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Addus HomeCare during the 2nd quarter worth $344,153,000. Capital Research Global Investors lifted its position in Addus HomeCare by 22.3% during the fourth quarter. Capital Research Global Investors now owns 1,469,752 shares of the company’s stock worth $157,837,000 after buying an additional 268,192 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Addus HomeCare by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock valued at $69,689,000 after buying an additional 78,415 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Addus HomeCare during the 2nd quarter valued at about $35,527,000. Finally, TimesSquare Capital Management LLC purchased a new position in Addus HomeCare during the second quarter worth about $31,502,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

Addus HomeCare Company Profile

Addus HomeCare Corporation provides home-based care services to older adults, people with disabilities and individuals with chronic or complex medical needs. The company operates through three primary service lines: personal care, hospice and home health.

Its personal care services include assistance with daily living activities, such as bathing, dressing, meal preparation and household tasks. Addus also provides hospice care for individuals with terminal illnesses, as well as home health services that may include skilled nursing, therapy and other clinical support.