Brokerages Set Addus HomeCare Co. (NASDAQ:ADUS) Price Target at $108.57

Shares of Addus HomeCare Co. (NASDAQ:ADUS) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $108.57.

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Addus HomeCare from $115.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. William Blair reaffirmed an “outperform” rating on shares of Addus HomeCare in a research report on Monday, February 5th. Oppenheimer reaffirmed an “outperform” rating and set a $118.00 price objective on shares of Addus HomeCare in a research report on Tuesday, March 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $102.00 price objective on shares of Addus HomeCare in a research report on Thursday, February 29th. Finally, TD Cowen lifted their price objective on shares of Addus HomeCare from $105.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th.

Addus HomeCare Stock Performance

NASDAQ:ADUS opened at $111.61 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $1.83 billion, a P/E ratio of 27.69, a PEG ratio of 2.07 and a beta of 0.96. The company has a 50 day moving average price of $101.97 and a 200 day moving average price of $95.06. Addus HomeCare has a fifty-two week low of $78.35 and a fifty-two week high of $111.99.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.97 by $0.24. Addus HomeCare had a net margin of 6.04% and a return on equity of 10.03%. The company had revenue of $280.70 million during the quarter, compared to analysts’ expectations of $279.49 million. During the same quarter last year, the company posted $0.84 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. Equities research analysts forecast that Addus HomeCare will post 4.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ADUS. Teacher Retirement System of Texas increased its stake in shares of Addus HomeCare by 131.6% during the third quarter. Teacher Retirement System of Texas now owns 16,765 shares of the company’s stock worth $1,428,000 after acquiring an additional 9,527 shares during the period. Guinness Asset Management LTD boosted its holdings in Addus HomeCare by 2.7% during the third quarter. Guinness Asset Management LTD now owns 5,267 shares of the company’s stock worth $449,000 after buying an additional 137 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Addus HomeCare by 7.7% during the third quarter. Victory Capital Management Inc. now owns 30,292 shares of the company’s stock worth $2,581,000 after buying an additional 2,171 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Addus HomeCare by 115.7% during the third quarter. Los Angeles Capital Management LLC now owns 12,492 shares of the company’s stock worth $1,064,000 after buying an additional 6,700 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Addus HomeCare by 221.0% during the third quarter. Assenagon Asset Management S.A. now owns 71,321 shares of the company’s stock worth $6,076,000 after buying an additional 49,101 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.

About Addus HomeCare

Addus HomeCare Corporation, together with its subsidiaries, 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 operates through three segments: Personal Care, Hospice, and Home Health.