Brokerages Set Addus HomeCare Co. (NASDAQ:ADUS) Target Price at $127.57

Addus HomeCare Co. (NASDAQ:ADUS) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $128.29.

A number of brokerages recently issued reports on ADUS. Stephens reaffirmed an “overweight” rating and set a $138.00 target price on shares of Addus HomeCare in a research report on Tuesday, August 6th. Oppenheimer lifted their price target on shares of Addus HomeCare from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. TD Cowen increased their price target on shares of Addus HomeCare from $128.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and set a $141.00 price target on shares of Addus HomeCare in a report on Tuesday, September 3rd. Finally, StockNews.com lowered Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 7th.

Insider Transactions at Addus HomeCare

In related news, Director Esteban Lopez sold 500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $127.50, for a total value of $63,750.00. Following the sale, the director now directly owns 3,366 shares in the company, valued at approximately $429,165. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Addus HomeCare news, Director Esteban Lopez sold 500 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $127.50, for a total value of $63,750.00. Following the completion of the sale, the director now directly owns 3,366 shares in the company, valued at $429,165. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael D. Wattenbarger sold 21,917 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $133.29, for a total value of $2,921,316.93. Following the sale, the executive vice president now directly owns 7,215 shares in the company, valued at approximately $961,687.35. The disclosure for this sale can be found here. Insiders have sold 22,917 shares of company stock worth $3,050,082 in the last three months. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ADUS. Texas Permanent School Fund Corp lifted its stake in Addus HomeCare by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 14,089 shares of the company’s stock valued at $1,636,000 after purchasing an additional 82 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Addus HomeCare by 2.0% in the second 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 during the last quarter. UMB Bank n.a. raised its position in shares of Addus HomeCare by 64.2% in the second quarter. UMB Bank n.a. now owns 225 shares of the company’s stock valued at $26,000 after purchasing an additional 88 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in shares of Addus HomeCare by 1.3% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,436 shares of the company’s stock worth $980,000 after buying an additional 110 shares during the last quarter. Finally, Guinness Asset Management LTD boosted its holdings in shares of Addus HomeCare by 3.3% during the 2nd quarter. Guinness Asset Management LTD now owns 5,001 shares of the company’s stock worth $580,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.

Addus HomeCare Trading Down 0.7 %

ADUS stock opened at $130.95 on Monday. The firm has a market cap of $2.37 billion, a PE ratio of 32.49, a PEG ratio of 2.40 and a beta of 1.04. Addus HomeCare has a 1 year low of $78.35 and a 1 year high of $136.12. The company has a fifty day simple moving average of $128.25 and a 200 day simple moving average of $115.19.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings results on Monday, August 5th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.14. Addus HomeCare had a net margin of 6.18% and a return on equity of 9.81%. The company had revenue of $286.90 million for the quarter, compared to analyst estimates of $284.90 million. During the same quarter last year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts forecast that Addus HomeCare will post 4.58 EPS for the current fiscal year.

About Addus HomeCare

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.