Robert W. Baird upgraded shares of Addus Homecare (NASDAQ:ADUS) from a neutral rating to an outperform rating in a research note published on Monday, February 4th, MarketBeat Ratings reports. Robert W. Baird currently has $75.00 price target on the stock, up from their prior price target of $72.00.
Several other equities analysts have also issued reports on ADUS. Royal Bank of Canada began coverage on shares of Addus Homecare in a report on Monday, October 8th. They set an outperform rating and a $81.00 price objective on the stock. Zacks Investment Research raised shares of Addus Homecare from a strong sell rating to a hold rating in a report on Tuesday, October 9th. BidaskClub raised shares of Addus Homecare from a hold rating to a buy rating in a report on Thursday, October 11th. Finally, Oppenheimer lifted their price target on shares of Addus Homecare from $72.00 to $80.00 and gave the stock an outperform rating in a report on Wednesday, November 7th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Addus Homecare currently has a consensus rating of Buy and an average price target of $76.63.
ADUS stock traded down $0.71 during trading on Monday, hitting $66.50. 68,186 shares of the company’s stock traded hands, compared to its average volume of 97,452. The firm has a market cap of $871.15 million, a price-to-earnings ratio of 45.86, a PEG ratio of 2.09 and a beta of -0.12. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.37. Addus Homecare has a 1 year low of $34.05 and a 1 year high of $77.82.
In other news, CEO R Dirk Allison sold 1,080 shares of Addus Homecare stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $63.00, for a total transaction of $68,040.00. Following the completion of the sale, the chief executive officer now directly owns 40,995 shares in the company, valued at $2,582,685. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider W Bradley Bickham sold 705 shares of the business’s stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $64.13, for a total transaction of $45,211.65. Following the transaction, the insider now owns 21,010 shares of the company’s stock, valued at $1,347,371.30. The disclosure for this sale can be found here. Insiders have sold 2,450 shares of company stock valued at $159,316 over the last quarter. Insiders own 34.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ADUS. Eos Management L.P. lifted its position in Addus Homecare by 4,991.1% during the third quarter. Eos Management L.P. now owns 190,221,406 shares of the company’s stock valued at $2,712,000 after purchasing an additional 186,485,035 shares during the period. BlackRock Inc. lifted its position in Addus Homecare by 108.2% during the fourth quarter. BlackRock Inc. now owns 1,521,841 shares of the company’s stock valued at $103,302,000 after purchasing an additional 790,824 shares during the period. Vanguard Group Inc lifted its position in Addus Homecare by 48.5% during the third quarter. Vanguard Group Inc now owns 544,748 shares of the company’s stock valued at $38,214,000 after purchasing an additional 177,827 shares during the period. Vanguard Group Inc. lifted its position in Addus Homecare by 48.5% during the third quarter. Vanguard Group Inc. now owns 544,748 shares of the company’s stock valued at $38,214,000 after purchasing an additional 177,827 shares during the period. Finally, AQR Capital Management LLC lifted its position in Addus Homecare by 348.5% during the third quarter. AQR Capital Management LLC now owns 177,531 shares of the company’s stock valued at $12,454,000 after purchasing an additional 137,945 shares during the period. Institutional investors own 97.45% 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.
Read More: Consumer Price Index (CPI)
Receive News & Ratings for Addus Homecare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addus Homecare and related companies with MarketBeat.com's FREE daily email newsletter.