Kindred Healthcare, Inc. (NYSE:KND) was upgraded by stock analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a note issued to investors on Monday. The firm presently has a $7.00 target price on the health services provider’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 10.26% from the stock’s current price.
Several other brokerages have also issued reports on KND. Zacks Investment Research upgraded shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine upgraded shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Deutsche Bank AG cut their target price on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Bank of America Corporation cut their target price on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating for the company in a research report on Thursday, September 21st. Finally, Mizuho restated a “neutral” rating and set a $7.50 target price (down from $8.00) on shares of Kindred Healthcare in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.86.
Shares of Kindred Healthcare (NYSE:KND) opened at $7.80 on Monday. The company has a current ratio of 1.55, a quick ratio of 1.53 and a debt-to-equity ratio of 6.22. The stock has a market cap of $691.11, a P/E ratio of 38.00 and a beta of 1.11. Kindred Healthcare has a 12-month low of $5.50 and a 12-month high of $11.90.
Kindred Healthcare (NYSE:KND) last announced its earnings results on Monday, November 6th. The health services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.08. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. equities analysts predict that Kindred Healthcare will post 0.32 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of KND. Janus Henderson Group PLC bought a new position in shares of Kindred Healthcare in the second quarter worth approximately $130,000. Paloma Partners Management Co bought a new position in shares of Kindred Healthcare in the first quarter worth approximately $133,000. Highbridge Capital Management LLC bought a new position in shares of Kindred Healthcare in the third quarter worth approximately $133,000. Amalgamated Bank boosted its position in shares of Kindred Healthcare by 0.9% in the second quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock worth $134,000 after purchasing an additional 108 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Kindred Healthcare by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 16,916 shares of the health services provider’s stock worth $197,000 after purchasing an additional 7,516 shares during the period. Institutional investors and hedge funds own 88.62% of the company’s stock.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc, incorporated on March 27, 1998, is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.
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