Addus HomeCare (NASDAQ:ADUS) Upgraded by Citizens Jmp to "Strong-Buy" Rating

Citizens Jmp upgraded shares of Addus HomeCare (NASDAQ:ADUS - Free Report) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of Addus HomeCare from a "hold" rating to a "buy" rating in a research report on Wednesday, December 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $136.00 price objective on shares of Addus HomeCare in a research note on Thursday, November 14th. KeyCorp began coverage on Addus HomeCare in a research report on Friday, October 11th. They set an "overweight" rating and a $150.00 target price on the stock. Stephens upped their target price on Addus HomeCare from $143.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, Oppenheimer lifted their price target on Addus HomeCare from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $133.67.

Addus HomeCare Trading Up 0.2 %

Shares of ADUS stock opened at $130.73 on Monday. The stock has a 50 day simple moving average of $125.76 and a 200-day simple moving average of $124.69. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 2.11 and a beta of 1.01. Addus HomeCare has a 12-month low of $85.94 and a 12-month high of $136.12.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.02. Addus HomeCare had a return on equity of 9.62% and a net margin of 6.50%. The company had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.42 million. During the same quarter last year, the company earned $1.03 earnings per share. Addus HomeCare's quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Addus HomeCare will post 4.59 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO R Dirk Allison sold 12,500 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $123.16, for a total value of $1,539,500.00. Following the sale, the chief executive officer now directly owns 141,897 shares of the company's stock, valued at approximately $17,476,034.52. This trade represents a 8.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roberton James Stevenson sold 2,250 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $121.00, for a total transaction of $272,250.00. Following the completion of the sale, the executive vice president now owns 10,217 shares of the company's stock, valued at approximately $1,236,257. The trade was a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.60% of the company's stock.

Hedge Funds Weigh In On Addus HomeCare

A number of hedge funds have recently made changes to their positions in ADUS. Texas Permanent School Fund Corp raised its position in shares of Addus HomeCare by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 14,089 shares of the company's stock worth $1,636,000 after buying an additional 82 shares during the period. Arizona State Retirement System lifted its stake in shares of Addus HomeCare by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 4,543 shares of the company's stock valued at $527,000 after purchasing an additional 87 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Addus HomeCare by 64.2% during the 2nd quarter. UMB Bank n.a. now owns 225 shares of the company's stock worth $26,000 after purchasing an additional 88 shares during the period. Inspire Investing LLC increased its position in Addus HomeCare by 3.3% during the 3rd quarter. Inspire Investing LLC now owns 3,111 shares of the company's stock worth $414,000 after purchasing an additional 100 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Addus HomeCare by 1.2% in the third quarter. New York State Teachers Retirement System now owns 8,510 shares of the company's stock valued at $1,132,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 95.35% of the company's stock.

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.