Addus HomeCare (NASDAQ:ADUS) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Addus HomeCare (NASDAQ:ADUSFree Report) from a buy rating to a strong-buy rating in a report released on Monday morning.

ADUS has been the subject of a number of other research reports. Barclays raised their price objective on Addus HomeCare from $111.00 to $117.00 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, January 21st. Royal Bank Of Canada boosted their price target on shares of Addus HomeCare from $134.00 to $139.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Truist Financial set a $135.00 price objective on shares of Addus HomeCare and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, TD Cowen reiterated a “buy” rating on shares of Addus HomeCare in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Addus HomeCare presently has a consensus rating of “Moderate Buy” and an average price target of $135.44.

Read Our Latest Stock Report on ADUS

Addus HomeCare Stock Performance

Shares of ADUS opened at $117.63 on Monday. Addus HomeCare has a one year low of $88.96 and a one year high of $124.43. The company has a market cap of $2.17 billion, a PE ratio of 25.19, a P/E/G ratio of 1.39 and a beta of 0.91. The stock has a 50-day moving average of $109.84 and a 200-day moving average of $113.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in Addus HomeCare by 24.3% in the 1st quarter. Royal Bank of Canada now owns 6,899 shares of the company’s stock worth $682,000 after purchasing an additional 1,347 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Addus HomeCare by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,374 shares of the company’s stock worth $1,026,000 after buying an additional 459 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Addus HomeCare by 6.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,679 shares of the company’s stock worth $5,111,000 after buying an additional 2,952 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Addus HomeCare by 387.6% in the first quarter. Jane Street Group LLC now owns 11,045 shares of the company’s stock valued at $1,092,000 after acquiring an additional 8,780 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Addus HomeCare by 44.7% during the first quarter. Intech Investment Management LLC now owns 14,362 shares of the company’s stock valued at $1,420,000 after acquiring an additional 4,439 shares during the last quarter. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Addus HomeCare

Here are the key news stories impacting Addus HomeCare this week:

Addus HomeCare Company Profile

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Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.

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Analyst Recommendations for Addus HomeCare (NASDAQ:ADUS)

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