Addus HomeCare (NASDAQ:ADUS) Sets New 52-Week High Following Analyst Upgrade

Addus HomeCare Co. (NASDAQ:ADUS) shares reached a new 52-week high on Wednesday after Bank of America raised their price target on the stock from $115.00 to $118.00. Bank of America currently has a buy rating on the stock. Addus HomeCare traded as high as $106.79 and last traded at $106.79, with a volume of 10422 shares changing hands. The stock had previously closed at $104.59.

Several other equities analysts have also recently commented on the stock. William Blair reissued an “outperform” rating on shares of Addus HomeCare in a research report on Monday, February 5th. Barclays cut Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 price objective on the stock. in a research report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $102.00 target price on shares of Addus HomeCare in a research report on Thursday, February 29th. Finally, Oppenheimer reissued an “outperform” rating and issued a $118.00 price target on shares of Addus HomeCare in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.57.

Institutional Investors Weigh In On Addus HomeCare

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Addus HomeCare by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 1,257,440 shares of the company’s stock worth $116,753,000 after purchasing an additional 38,876 shares during the period. Wellington Management Group LLP boosted its holdings in Addus HomeCare by 1.2% in the 4th quarter. Wellington Management Group LLP now owns 798,435 shares of the company’s stock worth $74,135,000 after buying an additional 9,548 shares during the period. Dimensional Fund Advisors LP grew its stake in Addus HomeCare by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 698,498 shares of the company’s stock valued at $64,857,000 after buying an additional 5,654 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in Addus HomeCare by 9.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 289,998 shares of the company’s stock valued at $29,968,000 after acquiring an additional 25,910 shares during the period. Finally, Summit Creek Advisors LLC lifted its position in shares of Addus HomeCare by 14.5% during the third quarter. Summit Creek Advisors LLC now owns 288,158 shares of the company’s stock worth $24,548,000 after acquiring an additional 36,578 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Stock Up 2.4 %

The stock has a market capitalization of $1.75 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a fifty day moving average price of $99.03 and a 200 day moving average price of $92.71.

Addus HomeCare (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, May 6th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The business had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $279.49 million. Addus HomeCare had a return on equity of 9.70% and a net margin of 5.91%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, research analysts forecast that Addus HomeCare Co. will post 4.38 earnings per share for the current year.

Addus HomeCare Company Profile

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.