Brokerages Set Kindred Healthcare Inc. (KND) Target Price at $9.86
Shares of Kindred Healthcare Inc. (NYSE:KND) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $9.86.
A number of analysts recently weighed in on KND shares. Bank of America Corp. restated a “sell” rating and issued a $11.00 price target on shares of Kindred Healthcare in a research note on Friday, August 5th. Zacks Investment Research downgraded Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Mizuho decreased their price target on Kindred Healthcare from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 8th. Stifel Nicolaus downgraded Kindred Healthcare from a “hold” rating to a “sell” rating and decreased their target price for the stock from $10.00 to $5.00 in a research report on Tuesday, November 8th. Finally, Barclays PLC reiterated a “buy” rating and set a $17.00 target price on shares of Kindred Healthcare in a research report on Tuesday, November 8th.
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Shares of Kindred Healthcare (NYSE:KND) opened at 6.70 on Tuesday. Kindred Healthcare has a 52 week low of $5.65 and a 52 week high of $15.66. The firm has a 50 day moving average price of $8.43 and a 200-day moving average price of $10.59. The firm’s market capitalization is $570.57 million.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. Kindred Healthcare had a negative net margin of 8.31% and a positive return on equity of 5.78%. The business earned $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts predict that Kindred Healthcare will post $0.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Monday, November 21st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.16%. Kindred Healthcare’s dividend payout ratio (DPR) is -6.90%.
Institutional investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new position in Kindred Healthcare during the second quarter valued at approximately $100,000. Amalgamated Bank acquired a new position in Kindred Healthcare during the second quarter valued at approximately $111,000. BlackRock Inc. raised its position in Kindred Healthcare by 88.5% in the first quarter. BlackRock Inc. now owns 10,159 shares of the company’s stock valued at $126,000 after buying an additional 4,770 shares during the last quarter. Rational Advisors LLC acquired a new position in Kindred Healthcare during the second quarter valued at approximately $116,000. Finally, PineBridge Investments L.P. raised its position in Kindred Healthcare by 5.5% in the second quarter. PineBridge Investments L.P. now owns 10,800 shares of the company’s stock valued at $122,000 after buying an additional 560 shares during the last quarter. 98.49% of the stock is owned by institutional investors.
About Kindred Healthcare
Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.
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