Zacks Investment Research Downgrades LifePoint Hospitals Inc. (LPNT) to Hold
LifePoint Hospitals Inc. (NASDAQ:LPNT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.
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 equities research analysts have also issued research reports about the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $68.00 price target on shares of LifePoint Hospitals in a research report on Friday, September 30th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $64.00 price target on shares of LifePoint Hospitals in a research report on Tuesday, August 30th. TheStreet lowered LifePoint Hospitals from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Avondale Partners lowered LifePoint Hospitals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 9th. Finally, Mizuho decreased their target price 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.88.
Shares of LifePoint Hospitals (NASDAQ:LPNT) opened at 55.00 on Friday. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 18.59 and a beta of 0.95. LifePoint Hospitals has a 12 month low of $50.60 and a 12 month high of $75.94. The company has a 50-day moving average price of $58.89 and a 200-day moving average price of $61.91.
LifePoint Hospitals (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.10. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. LifePoint Hospitals had a return on equity of 7.02% and a net margin of 1.93%. LifePoint Hospitals’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. On average, analysts expect that LifePoint Hospitals will post $3.58 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPNT. Victory Capital Management Inc. raised its position 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 worth $100,000 after buying an additional 668 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LifePoint Hospitals during the second quarter worth $111,000. Pacad Investment Ltd. acquired a new position in shares of LifePoint Hospitals during the second quarter worth $141,000. US Bancorp DE raised its position 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 worth $152,000 after buying an additional 37 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of LifePoint Hospitals during the second quarter worth $168,000. 99.79% 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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