LifePoint Hospitals Inc. (LPNT) Stock Rating Upgraded by Zacks Investment Research
LifePoint Hospitals Inc. (NASDAQ:LPNT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $63.00 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 12.60% from the stock’s previous close.
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 analysts have also issued research reports about the company. Mizuho reduced their price objective 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. Raymond James Financial Inc. reduced their price objective on LifePoint Hospitals from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, August 2nd. Wedbush reiterated a “neutral” rating and set a $66.00 price objective (down previously from $80.00) on shares of LifePoint Hospitals in a research note on Monday, August 1st. Royal Bank Of Canada reduced their price objective 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. Finally, Bank of America Corp. lowered LifePoint Hospitals from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $66.00 to $59.00 in a research note on Wednesday, November 9th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.75.
Shares of LifePoint Hospitals (NASDAQ:LPNT) opened at 55.95 on Tuesday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 18.91 and a beta of 0.95. The company has a 50 day moving average price of $58.77 and a 200-day moving average price of $61.78. LifePoint Hospitals has a 52-week low of $50.60 and a 52-week high of $75.94.
LifePoint Hospitals (NASDAQ:LPNT) last issued its earnings results on Friday, October 28th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.10. The company earned $1.59 billion during 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%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. On average, analysts predict that LifePoint Hospitals will post $3.58 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in 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 during the period. Fuller & Thaler Asset Management Inc. acquired a new position in LifePoint Hospitals during the second quarter worth $111,000. Pacad Investment Ltd. acquired a new position in LifePoint Hospitals during the second quarter worth $141,000. US Bancorp DE raised its position 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 position in LifePoint Hospitals during the second quarter worth $168,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.
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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