Kindred Healthcare, Inc. (KND) Rating Increased to Hold at Stifel Nicolaus

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.

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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.

Analyst Recommendations for Kindred Healthcare (NYSE:KND)

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