Kindred Healthcare, Inc. (NYSE:KND) Downgraded to “Strong Sell” at BidaskClub
BidaskClub lowered shares of Kindred Healthcare, Inc. (NYSE:KND) from a sell rating to a strong sell rating in a report issued on Tuesday morning.
KND has been the subject of several other reports. Barclays PLC reaffirmed a buy rating and set a $13.00 price objective (up from $11.00) on shares of Kindred Healthcare in a report on Sunday, May 7th. Deutsche Bank AG decreased their price objective on shares of Kindred Healthcare from $13.00 to $10.00 and set a buy rating for the company in a report on Monday, August 7th. Royal Bank Of Canada reiterated a hold rating and set a $10.00 target price on shares of Kindred Healthcare in a research note on Friday, May 5th. Zacks Investment Research cut shares of Kindred Healthcare from a hold rating to a sell rating in a research note on Thursday, July 6th. Finally, Mizuho reiterated a neutral rating and set a $9.00 target price on shares of Kindred Healthcare in a research note on Monday, July 3rd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $9.94.
Kindred Healthcare (NYSE:KND) traded up 1.38% during mid-day trading on Tuesday, hitting $7.35. 1,229,855 shares of the stock traded hands. The company’s market cap is $639.59 million. Kindred Healthcare has a 12 month low of $5.65 and a 12 month high of $11.90. The stock’s 50 day moving average is $10.24 and its 200-day moving average is $9.20.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. Kindred Healthcare’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. On average, equities research analysts anticipate that Kindred Healthcare will post $0.57 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Kindred Healthcare by 0.3% in the second quarter. BlackRock Inc. now owns 10,808,864 shares of the health services provider’s stock valued at $125,923,000 after buying an additional 29,673 shares during the last quarter. Vanguard Group Inc. boosted its position in Kindred Healthcare by 8.6% in the second quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock valued at $93,572,000 after buying an additional 635,000 shares during the last quarter. Wellington Management Group LLP boosted its position in Kindred Healthcare by 40.9% in the first quarter. Wellington Management Group LLP now owns 7,945,247 shares of the health services provider’s stock valued at $66,342,000 after buying an additional 2,307,814 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Kindred Healthcare by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,004,440 shares of the health services provider’s stock valued at $69,952,000 after buying an additional 315,752 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Kindred Healthcare by 0.6% in the first quarter. Bank of America Corp DE now owns 2,425,910 shares of the health services provider’s stock valued at $20,257,000 after buying an additional 13,774 shares during the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.
About Kindred Healthcare
Kindred Healthcare, Inc is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.
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