Zacks Investment Research Upgrades Addus Homecare (ADUS) to Strong-Buy
Zacks Investment Research upgraded shares of Addus Homecare (NASDAQ:ADUS) from a hold rating to a strong-buy rating in a research note published on Monday, Zacks.com reports. Zacks Investment Research currently has $79.00 price target on the stock.
According to Zacks, “ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. The company’s services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing. “
Other equities research analysts also recently issued reports about the company. BidaskClub upgraded Addus Homecare from a hold rating to a buy rating in a report on Wednesday, February 20th. ValuEngine downgraded Addus Homecare from a strong-buy rating to a buy rating in a research note on Thursday, April 4th. Finally, Robert W. Baird upgraded Addus Homecare from a neutral rating to an outperform rating and boosted their price target for the company from $72.00 to $75.00 in a research note on Monday, February 4th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $77.13.
Addus Homecare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Addus Homecare had a return on equity of 8.95% and a net margin of 3.20%. The company had revenue of $139.25 million during the quarter, compared to the consensus estimate of $139.37 million. On average, sell-side analysts expect that Addus Homecare will post 2.09 EPS for the current year.
In other Addus Homecare news, CEO R Dirk Allison sold 2,734 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $64.36, for a total transaction of $175,960.24. Following the completion of the sale, the chief executive officer now directly owns 50,463 shares in the company, valued at approximately $3,247,798.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider W Bradley Bickham sold 1,082 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $62.68, for a total value of $67,819.76. Following the sale, the insider now owns 23,311 shares of the company’s stock, valued at $1,461,133.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,563 shares of company stock valued at $625,354. Corporate insiders own 34.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ADUS. BlackRock Inc. grew its stake in shares of Addus Homecare by 108.2% during the 4th quarter. BlackRock Inc. now owns 1,521,841 shares of the company’s stock valued at $103,302,000 after purchasing an additional 790,824 shares during the period. Vanguard Group Inc grew its stake in shares of Addus Homecare by 48.5% during the 3rd quarter. Vanguard Group Inc now owns 544,748 shares of the company’s stock valued at $38,214,000 after acquiring an additional 177,827 shares during the period. Vanguard Group Inc. grew its stake in shares of Addus Homecare by 48.5% during the 3rd quarter. Vanguard Group Inc. now owns 544,748 shares of the company’s stock valued at $38,214,000 after acquiring an additional 177,827 shares during the period. Pier Capital LLC bought a new position in shares of Addus Homecare during the 1st quarter valued at approximately $9,015,000. Finally, TimesSquare Capital Management LLC grew its stake in shares of Addus Homecare by 17.0% during the 1st quarter. TimesSquare Capital Management LLC now owns 882,730 shares of the company’s stock valued at $56,133,000 after acquiring an additional 128,330 shares during the period. Institutional investors and hedge funds own 95.22% of the company’s stock.
Addus Homecare Company Profile
Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.
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