Addus HomeCare (NASDAQ:ADUS) Stock Price Target Raised at Barclays

Addus HomeCare (NASDAQ:ADUS) had its price target upped by analysts at Barclays from $96.00 to $101.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target would indicate a potential downside of 19.95% from the stock’s current price.

A number of other analysts also recently weighed in on ADUS. Raymond James Financial set a $137.00 price target on Addus HomeCare in a report on Monday, September 28th. Citigroup lowered Addus HomeCare from a “market outperform” rating to a “neutral” rating in a research report on Monday, September 14th. Weiss Ratings raised Addus HomeCare from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Royal Bank Of Canada lifted their target price on Addus HomeCare from $130.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Bank of America lowered Addus HomeCare from a “buy” rating to a “neutral” rating and dropped their price target for the company from $140.00 to $125.00 in a research note on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.89.

Addus HomeCare Trading Down 0.3%

Shares of ADUS traded down $0.39 during trading hours on Wednesday, hitting $126.17. 141,082 shares of the stock were exchanged, compared to its average volume of 235,764. Addus HomeCare has a fifty-two week low of $87.95 and a fifty-two week high of $127.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50-day moving average of $117.22 and a 200-day moving average of $106.62. The firm has a market capitalization of $2.36 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.79 and a beta of 0.75.

Addus HomeCare (NASDAQ:ADUS) last released its earnings results on Tuesday, November 3rd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.04. The business had revenue of $387.74 million for the quarter, compared to analyst estimates of $388.72 million. Addus HomeCare had a net margin of 7.13% and a return on equity of 9.96%. Addus HomeCare’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 earnings per share. On average, research analysts expect that Addus HomeCare will post 6.33 EPS for the current year.

Hedge Funds Weigh In On Addus HomeCare

A number of institutional investors and hedge funds have recently made changes to their positions in ADUS. BlackRock Inc. acquired a new position in Addus HomeCare during the 2nd quarter worth approximately $344,153,000. Dimensional Fund Advisors LP boosted its holdings in Addus HomeCare by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock worth $69,689,000 after acquiring an additional 78,415 shares in the last quarter. Bank of America Corp DE acquired a new stake in Addus HomeCare in the second quarter valued at approximately $35,527,000. TimesSquare Capital Management LLC acquired a new stake in Addus HomeCare in the second quarter valued at approximately $31,502,000. Finally, Punch & Associates Investment Management Inc. bought a new stake in shares of Addus HomeCare during the second quarter valued at approximately $20,911,000. Institutional investors own 95.35% of the company’s stock.

About Addus HomeCare

Addus HomeCare Inc (NASDAQ: ADUS) provides in-home personal care, hospice and home health services to older adults, people with disabilities and other individuals who need assistance with daily living or medical care. Its services are designed to help clients remain safely and independently in their homes while supporting families and caregivers.

The company’s personal care services include assistance with bathing, dressing, grooming, meal preparation, housekeeping and other activities of daily living.