Stephens Cuts Addus HomeCare (NASDAQ:ADUS) Price Target to $101.00

Addus HomeCare (NASDAQ:ADUSGet Rating) had its price objective lowered by Stephens from $110.00 to $101.00 in a research note released on Tuesday morning, The Fly reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also recently commented on ADUS. Bank of America started coverage on Addus HomeCare in a report on Wednesday, April 13th. They set a buy rating and a $110.00 target price for the company. StockNews.com began coverage on Addus HomeCare in a research report on Thursday, March 31st. They set a buy rating on the stock. Finally, Royal Bank of Canada cut their target price on Addus HomeCare from $125.00 to $111.00 in a research report on Wednesday, May 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus price target of $109.25.

Shares of Addus HomeCare stock opened at $81.73 on Tuesday. The business has a 50-day moving average of $82.86 and a 200 day moving average of $83.30. Addus HomeCare has a 12 month low of $68.57 and a 12 month high of $108.11. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.65 and a quick ratio of 2.65.

Addus HomeCare (NASDAQ:ADUSGet Rating) last announced its earnings results on Monday, May 2nd. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Addus HomeCare had a net margin of 5.05% and a return on equity of 8.83%. The firm had revenue of $226.63 million for the quarter, compared to analysts’ expectations of $227.54 million. During the same quarter last year, the business earned $0.62 earnings per share. Equities research analysts anticipate that Addus HomeCare will post 3.22 earnings per share for the current year.

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 1,718 shares of Addus HomeCare stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $85.00, for a total transaction of $146,030.00. Following the transaction, the executive vice president now owns 7,012 shares of the company’s stock, valued at $596,020. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 1,992 shares of company stock worth $168,502. 4.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in shares of Addus HomeCare by 7.0% in the 1st quarter. Bank of America Corp DE now owns 111,782 shares of the company’s stock valued at $10,428,000 after purchasing an additional 7,332 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in shares of Addus HomeCare by 15.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 8,518 shares of the company’s stock valued at $795,000 after purchasing an additional 1,147 shares during the last quarter. Avalon Investment & Advisory purchased a new position in shares of Addus HomeCare in the 1st quarter valued at approximately $3,782,000. Quantbot Technologies LP grew its stake in shares of Addus HomeCare by 1,014.9% in the 1st quarter. Quantbot Technologies LP now owns 1,349 shares of the company’s stock valued at $125,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Eaton Vance Management grew its stake in shares of Addus HomeCare by 20.9% in the 1st quarter. Eaton Vance Management now owns 754,080 shares of the company’s stock valued at $70,348,000 after purchasing an additional 130,469 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.

Addus HomeCare Company Profile (Get Rating)

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. It operates through three segments: Personal Care, Hospice, and Home Health.

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