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 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. “
Several other brokerages also recently commented on LPNT. Mizuho dropped their target price on LifePoint Hospitals from $61.50 to $56.00 and set a “neutral” rating on the stock in a report on Monday, August 1st. Avondale Partners downgraded LifePoint Hospitals from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Raymond James Financial Inc. dropped their price objective on LifePoint Hospitals from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, August 2nd. Royal Bank Of Canada dropped their price objective on LifePoint Hospitals from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, August 1st. Finally, Credit Suisse Group AG downgraded LifePoint Hospitals from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $60.00 in a report on Friday, November 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.75.
Shares of LifePoint Hospitals (NASDAQ:LPNT) opened at 57.45 on Friday. The stock has a market cap of $2.31 billion, a PE ratio of 19.42 and a beta of 0.95. LifePoint Hospitals has a 1-year low of $50.60 and a 1-year high of $75.94. The stock’s 50 day moving average price is $58.65 and its 200 day moving average price is $61.54.
LifePoint Hospitals (NASDAQ:LPNT) last announced its earnings results on Friday, October 28th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.84 by $0.10. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. LifePoint Hospitals had a return on equity of 7.02% and a net margin of 1.93%. The company’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, equities research analysts anticipate that LifePoint Hospitals will post $3.58 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LifePoint Hospitals during the second quarter worth about $111,000. Pacad Investment Ltd. acquired a new position in shares of LifePoint Hospitals during the second quarter worth about $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 during the period. Finally, Bank of Montreal Can acquired a new position in shares of LifePoint Hospitals during the second quarter worth about $168,000. Institutional investors own 99.32% 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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