LifePoint Hospitals Inc. (NASDAQ:LPNT) was downgraded by stock analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a report issued on Friday.

A number of other brokerages have also recently commented on LPNT. Wolfe Research assumed coverage on shares of LifePoint Hospitals in a research report on Tuesday, October 25th. They issued an “underperform” rating for the company. Avondale Partners cut shares of LifePoint Hospitals from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Bank of America Corp. cut shares of LifePoint Hospitals from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $66.00 to $59.00 in a research report on Wednesday. Zacks Investment Research raised shares of LifePoint Hospitals from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, Mizuho dropped 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. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.13.

Analyst Recommendations for LifePoint Hospitals (NASDAQ:LPNT)

Shares of LifePoint Hospitals (NASDAQ:LPNT) opened at 53.75 on Friday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 18.17 and a beta of 0.95. The stock has a 50 day moving average of $59.18 and a 200 day moving average of $62.33. LifePoint Hospitals has a 12-month low of $51.50 and a 12-month high of $75.94.

LifePoint Hospitals (NASDAQ:LPNT) last issued its earnings results on Friday, October 28th. The company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. The business earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. LifePoint Hospitals had a net margin of 1.93% and a return on equity of 7.02%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. Analysts forecast that LifePoint Hospitals will post $3.59 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of LPNT. Victory Capital Management Inc. boosted its stake in shares of LifePoint Hospitals by 65.2% in the third quarter. Victory Capital Management Inc. now owns 1,692 shares of the company’s stock valued at $100,000 after buying an additional 668 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LifePoint Hospitals during the second quarter valued at $111,000. Pacad Investment Ltd. purchased a new stake in shares of LifePoint Hospitals during the second quarter valued at $141,000. US Bancorp DE boosted its stake in shares of LifePoint Hospitals by 1.6% in the second quarter. US Bancorp DE now owns 2,316 shares of the company’s stock valued at $152,000 after buying an additional 37 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of LifePoint Hospitals by 1,006.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,756 shares of the company’s stock valued at $163,000 after buying an additional 2,507 shares during the period. 94.26% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:LPNT

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