Addus HomeCare (NASDAQ:ADUS) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Addus HomeCare (NASDAQ:ADUS) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

A number of other analysts have also weighed in on ADUS. TD Cowen reaffirmed a “buy” rating on shares of Addus HomeCare in a report on Wednesday, November 5th. Royal Bank Of Canada upped their price target on shares of Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Barclays increased their price objective on Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. Truist Financial set a $135.00 target price on Addus HomeCare and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Finally, BMO Capital Markets initiated coverage on Addus HomeCare in a report on Thursday, November 13th. They issued a “market perform” rating and a $120.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.44.

Addus HomeCare Stock Performance

Shares of ADUS opened at $105.88 on Friday. The stock’s 50-day simple moving average is $110.43 and its 200 day simple moving average is $112.87. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.66 and a current ratio of 1.66. Addus HomeCare has a 52-week low of $88.96 and a 52-week high of $124.43.

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, EVP Darby Anderson sold 20,000 shares of Addus HomeCare stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the completion of the sale, the executive vice president owned 44,144 shares of the company’s stock, valued at $4,811,696. The trade was a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 20,316 shares of company stock worth $2,215,998 over the last three months. Insiders own 4.50% of the company’s stock.

Institutional Trading of Addus HomeCare

Hedge funds have recently bought and sold shares of the company. Hohimer Wealth Management LLC raised its stake in shares of Addus HomeCare by 3.4% during the third quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock worth $320,000 after acquiring an additional 88 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Addus HomeCare by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,854 shares of the company’s stock valued at $214,000 after purchasing an additional 89 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Addus HomeCare by 1.8% during the 3rd quarter. Amalgamated Bank now owns 5,240 shares of the company’s stock valued at $618,000 after purchasing an additional 93 shares during the last quarter. Maryland State Retirement & Pension System raised its position in Addus HomeCare by 1.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 5,335 shares of the company’s stock worth $615,000 after purchasing an additional 101 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in Addus HomeCare by 2.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock worth $446,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 95.35% of the company’s stock.

About Addus HomeCare

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.