LifePoint Hospitals Inc. (LPNT) Receives Buy Rating from Citigroup Inc.
A number of other brokerages have also issued reports on LPNT. Credit Suisse Group AG reiterated a buy rating on shares of LifePoint Hospitals in a research note on Tuesday, June 28th. Zacks Investment Research lowered LifePoint Hospitals from a hold rating to a sell rating in a research note on Wednesday, July 6th. Mizuho cut their price target on LifePoint Hospitals from $61.50 to $56.00 and set a neutral rating for the company in a research note on Monday, August 1st. Wedbush reiterated a neutral rating and issued a $66.00 price target (down previously from $80.00) on shares of LifePoint Hospitals in a research note on Monday, August 1st. Finally, Royal Bank Of Canada cut their price target on LifePoint Hospitals from $84.00 to $77.00 and set an outperform rating for the company in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $72.06.
LifePoint Hospitals (NASDAQ:LPNT) traded down 1.64% during midday trading on Friday, hitting $58.26. The stock had a trading volume of 66,530 shares. LifePoint Hospitals has a 1-year low of $54.82 and a 1-year high of $76.39. The company has a market capitalization of $2.49 billion, a PE ratio of 19.40 and a beta of 0.88. The stock’s 50-day moving average is $57.44 and its 200-day moving average is $64.20.
LifePoint Hospitals (NASDAQ:LPNT) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.19. LifePoint Hospitals had a return on equity of 7.14% and a net margin of 2.08%. The business earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The company’s quarterly revenue was up 25.3% on a year-over-year basis. Equities research analysts forecast that LifePoint Hospitals will post $3.51 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in LifePoint Hospitals during the fourth quarter valued at about $31,566,000. Virginia Retirement System purchased a new position in LifePoint Hospitals during the first quarter valued at about $845,000. TIAA CREF Investment Management LLC raised its position in LifePoint Hospitals by 22.4% in the first quarter. TIAA CREF Investment Management LLC now owns 681,170 shares of the company’s stock valued at $47,171,000 after buying an additional 124,719 shares in the last quarter. Teachers Advisors Inc. raised its position in LifePoint Hospitals by 2.8% in the first quarter. Teachers Advisors Inc. now owns 186,097 shares of the company’s stock valued at $12,887,000 after buying an additional 5,135 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in LifePoint Hospitals by 71.6% in the first quarter. Prudential Financial Inc. now owns 204,184 shares of the company’s stock valued at $14,139,000 after buying an additional 85,200 shares in the last quarter. 97.10% of the stock is currently owned by institutional investors and hedge funds.
About LifePoint Hospitals
LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.
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