Oppenheimer Holdings Inc. Reiterates “Outperform” Rating for Addus HomeCare Corp. (ADUS)
Addus HomeCare Corp. (NASDAQ:ADUS)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer Holdings Inc. in a note issued to investors on Thursday. They currently have a $30.00 target price on the stock. Oppenheimer Holdings Inc.’s target price points to a potential downside of 8.95% from the company’s current price.
Separately, Zacks Investment Research downgraded shares of Addus HomeCare Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd.
Addus HomeCare Corp. (NASDAQ:ADUS) opened at 32.95 on Thursday. The firm has a market cap of $376.16 million, a P/E ratio of 46.80 and a beta of 0.60. The stock has a 50 day moving average price of $26.90 and a 200-day moving average price of $22.10. Addus HomeCare Corp. has a 1-year low of $15.33 and a 1-year high of $35.10.
Addus HomeCare Corp. (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.31 by $0.08. Addus HomeCare Corp. had a net margin of 2.04% and a return on equity of 9.26%. The business earned $103.50 million during the quarter, compared to the consensus estimate of $101.90 million. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up 22.7% on a year-over-year basis. Equities research analysts forecast that Addus HomeCare Corp. will post $1.34 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in Addus HomeCare Corp. by 0.6% in the third quarter. California State Teachers Retirement System now owns 15,603 shares of the company’s stock worth $408,000 after buying an additional 100 shares during the last quarter. US Bancorp DE boosted its stake in Addus HomeCare Corp. by 2.0% in the third quarter. US Bancorp DE now owns 6,218 shares of the company’s stock worth $163,000 after buying an additional 119 shares during the last quarter. State Street Corp boosted its stake in Addus HomeCare Corp. by 0.5% in the second quarter. State Street Corp now owns 85,611 shares of the company’s stock worth $1,491,000 after buying an additional 397 shares during the last quarter. BlackRock Advisors LLC boosted its stake in Addus HomeCare Corp. by 12.0% in the third quarter. BlackRock Advisors LLC now owns 4,152 shares of the company’s stock worth $109,000 after buying an additional 446 shares during the last quarter. Finally, Bridgeway Capital Management Inc. boosted its stake in Addus HomeCare Corp. by 3.5% in the second quarter. Bridgeway Capital Management Inc. now owns 29,600 shares of the company’s stock worth $516,000 after buying an additional 1,000 shares during the last quarter. 92.47% of the stock is currently owned by hedge funds and other institutional investors.
Addus HomeCare Corp. Company Profile
Addus HomeCare Corporation is a provider of home and community-based personal care services, which are provided primarily in the home, and is focused on the dual eligible (Medicare/Medicaid) population. The Company’s services include non-medical care, such as personal care, home support services and adult day care.
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