Addus HomeCare (ADUS) PT Raised to $125 at Jefferies
Get Alerts ADUS Hot Sheet
Price: $126.43 +0.54%
Rating Summary:
15 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 12
Rating Summary:
15 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 12
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Jefferies analyst Brian Tanquilut raised the price target on Addus HomeCare (NASDAQ: ADUS) to $125.00 (from $120.00) while maintaining a Buy rating.
The analyst commented, "ADUS's announcement of a $192MM all-cash acquisition of a hospice asset in Ohio is a notable positive as it should boost 2021 revenues by >$55MM and EBITDA by$10-$15MM (vs. current Street ests of $823MM and $85MM, respectively). Today'sacquisition also highlights mgmt's continued commitment to taking advantage of its strong balance sheet and robust FCF to pursue accretive and strategic, geographically-aligned acquisitions."
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