Addus HomeCare Corporation (ADUS) Receives Average Recommendation of “Hold” from Brokerages
Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have earned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $42.50.
A number of research firms have issued reports on ADUS. Zacks Investment Research lowered shares of Addus HomeCare Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub lowered shares of Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $45.00 price target on shares of Addus HomeCare Corporation in a research report on Tuesday, September 19th. Finally, Robert W. Baird restated a “hold” rating and set a $40.00 price target on shares of Addus HomeCare Corporation in a research report on Thursday, August 24th.
Addus HomeCare Corporation (NASDAQ:ADUS) last posted its earnings results on Monday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $103.60 million during the quarter, compared to analyst estimates of $104.39 million. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.47%. Addus HomeCare Corporation’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS.
Hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. raised its position in shares of Addus HomeCare Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 4,548 shares of the company’s stock worth $146,000 after buying an additional 299 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Addus HomeCare Corporation during the 2nd quarter worth about $201,000. Nordea Investment Management AB bought a new stake in shares of Addus HomeCare Corporation during the 2nd quarter worth about $201,000. Eqis Capital Management Inc. bought a new stake in shares of Addus HomeCare Corporation during the 3rd quarter worth about $218,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Addus HomeCare Corporation during the 1st quarter worth about $238,000. Institutional investors own 93.18% of the company’s stock.
Addus HomeCare Corporation 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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