LifePoint Hospitals Inc. (NASDAQ:LPNT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

A number of other research analysts have also commented on LPNT. Avondale Partners lowered shares of LifePoint Hospitals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th. TheStreet lowered shares of LifePoint Hospitals from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Bank of America Corp. lowered shares of LifePoint Hospitals from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $66.00 to $59.00 in a research note on Wednesday, November 9th. Wolfe Research assumed coverage on shares of LifePoint Hospitals in a research note on Tuesday, October 25th. They issued an “underperform” rating on the stock. Finally, Credit Suisse Group AG lowered shares of LifePoint Hospitals from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $60.00 in a research note on Friday, November 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.69.

Analyst Recommendations for LifePoint Hospitals (NASDAQ:LPNT)

LifePoint Hospitals (NASDAQ:LPNT) opened at 54.95 on Thursday. LifePoint Hospitals has a 52-week low of $50.60 and a 52-week high of $75.94. The firm has a market cap of $2.21 billion, a P/E ratio of 18.58 and a beta of 0.95. The company’s 50 day moving average is $58.34 and its 200 day moving average is $61.19.

LifePoint Hospitals (NASDAQ:LPNT) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.10. LifePoint Hospitals had a net margin of 1.93% and a return on equity of 7.02%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the business earned $0.97 EPS. LifePoint Hospitals’s revenue for the quarter was up 21.1% compared to the same quarter last year. Equities research analysts forecast that LifePoint Hospitals will post $3.58 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the company. 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 in the last quarter. ProShare Advisors LLC raised its position in LifePoint Hospitals by 0.9% in the second quarter. ProShare Advisors LLC now owns 5,180 shares of the company’s stock worth $339,000 after buying an additional 48 shares in the last quarter. Alpha Windward LLC raised its position in LifePoint Hospitals by 0.8% in the second quarter. Alpha Windward LLC now owns 6,660 shares of the company’s stock worth $435,000 after buying an additional 50 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in LifePoint Hospitals by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,495 shares of the company’s stock worth $490,000 after buying an additional 53 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in LifePoint Hospitals by 1.7% in the third quarter. First Citizens Bank & Trust Co. now owns 5,233 shares of the company’s stock worth $310,000 after buying an additional 88 shares in the last quarter. Institutional investors own 97.59% of the company’s stock.

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.

5 Day Chart for NASDAQ:LPNT

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