Investment analysts at Cantor Fitzgerald initiated coverage on shares of Addus Homecare (NASDAQ:ADUS) in a research report issued to clients and investors on Wednesday, September 12th, The Fly reports. The brokerage set an “overweight” rating and a $77.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 18.37% from the stock’s current price.
Several other brokerages have also commented on ADUS. BidaskClub upgraded Addus Homecare from a “hold” rating to a “buy” rating in a report on Friday, September 7th. ValuEngine upgraded Addus Homecare from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 4th. Robert W. Baird reissued a “hold” rating and issued a $65.00 target price on shares of Addus Homecare in a research report on Wednesday, August 8th. Oppenheimer upped their target price on Addus Homecare from $50.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research downgraded Addus Homecare from a “hold” rating to a “strong sell” rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $71.29.
Addus Homecare stock traded up $1.15 during mid-day trading on Wednesday, reaching $65.05. 89,949 shares of the company were exchanged, compared to its average volume of 91,021. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.53. The firm has a market cap of $896.00 million, a P/E ratio of 44.86, a P/E/G ratio of 2.81 and a beta of -0.54. Addus Homecare has a 12-month low of $30.95 and a 12-month high of $72.55.
Addus Homecare (NASDAQ:ADUS) last posted its earnings results on Tuesday, August 7th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Addus Homecare had a return on equity of 10.45% and a net margin of 3.43%. The company had revenue of $131.24 million for the quarter, compared to analysts’ expectations of $127.81 million. Equities analysts expect that Addus Homecare will post 1.67 earnings per share for the current year.
In other Addus Homecare news, major shareholder Eos Capital Partners Iii L. P sold 1,024,733 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $59.00, for a total transaction of $60,459,247.00. The sale was disclosed in a filing with the SEC, which is available through this link. 34.80% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Addus Homecare during the 2nd quarter valued at about $118,000. Paloma Partners Management Co acquired a new stake in shares of Addus Homecare during the 2nd quarter valued at about $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Addus Homecare during the 1st quarter valued at about $211,000. Connors Investor Services Inc. acquired a new stake in shares of Addus Homecare during the 1st quarter valued at about $234,000. Finally, Hartford Investment Management Co. acquired a new stake in shares of Addus Homecare during the 2nd quarter valued at about $275,000. Hedge funds and other institutional investors own 82.54% of the company’s stock.
About Addus Homecare
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. The company's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.
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