LifePoint Hospitals Inc. (LPNT) Upgraded to “Hold” by Zacks Investment Research
According to Zacks, “LifePoint Hospitals, Inc. is engaged in the operation of general, acute care hospitals in non-urban communities. The company’s general, acute care hospitals usually provide the range of medical and surgical services commonly available in hospitals in non-urban markets. These hospitals also provide diagnostic and emergency services, as well as outpatient and ancillary services including outpatient surgery, laboratory, radiology, respiratory therapy and physical therapy. “
Other analysts have also issued reports about the stock. Mizuho lowered their price objective on shares of LifePoint Hospitals from $61.50 to $56.00 and set a neutral rating for the company in a report on Monday, August 1st. Raymond James Financial Inc. lowered their price objective on shares of LifePoint Hospitals from $75.00 to $65.00 and set an outperform rating for the company in a report on Tuesday, August 2nd. Credit Suisse Group AG restated a buy rating on shares of LifePoint Hospitals in a report on Tuesday, June 28th. Citigroup Inc. reaffirmed a buy rating and set a $68.00 target price on shares of LifePoint Hospitals in a research note on Friday, September 30th. Finally, Wedbush reaffirmed a neutral rating and set a $66.00 target price (down previously from $80.00) on shares of LifePoint Hospitals in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $72.06.
LifePoint Hospitals (NASDAQ:LPNT) opened at 59.43 on Wednesday. The stock has a 50 day moving average price of $57.52 and a 200-day moving average price of $64.07. The stock has a market cap of $2.54 billion, a P/E ratio of 19.79 and a beta of 0.89. LifePoint Hospitals has a 52 week low of $54.82 and a 52 week high of $76.39.
LifePoint Hospitals (NASDAQ:LPNT) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ 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 company earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 25.3% on a year-over-year basis. On average, equities analysts anticipate that LifePoint Hospitals will post $3.51 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in LifePoint Hospitals during the second quarter worth $111,000. Acrospire Investment Management LLC acquired a new stake in LifePoint Hospitals during the first quarter worth $125,000. Pacad Investment Ltd. acquired a new stake in LifePoint Hospitals during the second quarter worth $141,000. US Bancorp DE increased its stake in LifePoint Hospitals by 1.6% in the second quarter. US Bancorp DE now owns 2,316 shares of the company’s stock worth $152,000 after buying an additional 37 shares during the period. Finally, Bank of Montreal Can acquired a new stake in LifePoint Hospitals during the second quarter worth $168,000. Hedge funds and other institutional investors own 97.10% of the company’s stock.
LifePoint Hospitals Company Profile
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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