Addus HomeCare (NASDAQ:ADUS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Addus HomeCare Corporation (NASDAQ:ADUS) shares crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $104.39 and traded as high as $113.08. Addus HomeCare shares last traded at $111.27, with a volume of 207,437 shares changing hands.

Analysts Set New Price Targets

ADUS has been the subject of several research analyst reports. Bank of America reissued a “neutral” rating and set a $125.00 price objective (down from $140.00) on shares of Addus HomeCare in a research note on Monday, September 14th. Citigroup cut shares of Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research report on Monday, September 14th. Raymond James Financial set a $137.00 price target on shares of Addus HomeCare in a research note on Monday, September 28th. Barclays lifted their price objective on shares of Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada lifted 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Addus HomeCare has an average rating of “Moderate Buy” and a consensus target price of $129.33.

Addus HomeCare Stock Down 0.4%

The company has a market capitalization of $2.08 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.59 and a beta of 0.83. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $116.90 and its 200 day moving average is $104.39.

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

Institutional Trading of Addus HomeCare

A number of institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its holdings in shares of Addus HomeCare by 2.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,905 shares of the company’s stock worth $593,000 after acquiring an additional 114 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Addus HomeCare by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 12,254 shares of the company’s stock valued at $1,148,000 after acquiring an additional 132 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Addus HomeCare by 73.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 325 shares of the company’s stock valued at $35,000 after acquiring an additional 138 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Addus HomeCare by 66.3% in the first quarter. Parallel Advisors LLC now owns 404 shares of the company’s stock valued at $38,000 after purchasing an additional 161 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Addus HomeCare by 19.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,237 shares of the company’s stock worth $116,000 after buying an additional 198 shares during the period. Institutional investors own 95.35% of the company’s stock.

Addus HomeCare Company Profile

Addus HomeCare Corporation is a provider of home-based health care and support services for older adults, people with disabilities and other individuals who require assistance at home. The company’s services are designed to help clients maintain independence and avoid or delay institutional care.

Addus operates through three primary service lines: personal care, home health and hospice. Personal care services include assistance with daily activities such as bathing, dressing, meal preparation and mobility.