Kindred Healthcare, Inc. (KND) Upgraded to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Kindred Healthcare, Inc. (NYSE:KND) from a sell rating to a hold rating in a research report released on Friday morning.
According to Zacks, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business. “
KND has been the subject of a number of other reports. Mizuho reiterated a neutral rating and set a $9.00 target price on shares of Kindred Healthcare in a report on Monday, July 3rd. BidaskClub lowered shares of Kindred Healthcare from a buy rating to a hold rating in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a hold rating and set a $10.00 target price on shares of Kindred Healthcare in a report on Monday, May 15th. Barclays PLC reiterated a buy rating and set a $13.00 target price (up from $11.00) on shares of Kindred Healthcare in a report on Sunday, May 7th. Finally, UBS AG reiterated a neutral rating and set a $10.50 target price (up from $8.00) on shares of Kindred Healthcare in a report on Friday, May 5th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $9.94.
Kindred Healthcare (NYSE:KND) opened at 7.50 on Friday. The company’s market capitalization is $652.64 million. The stock has a 50 day moving average price of $10.14 and a 200 day moving average price of $9.23. Kindred Healthcare has a 52-week low of $5.65 and a 52-week high of $11.90.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. Equities research analysts forecast that Kindred Healthcare will post $0.57 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in Kindred Healthcare by 5.2% in the second quarter. State Street Corp now owns 2,336,912 shares of the health services provider’s stock worth $27,219,000 after buying an additional 114,598 shares during the last quarter. Janus Henderson Group PLC bought a new position in Kindred Healthcare during the second quarter worth about $130,000. AHL Partners LLP increased its position in Kindred Healthcare by 63.4% in the second quarter. AHL Partners LLP now owns 79,184 shares of the health services provider’s stock worth $922,000 after buying an additional 30,724 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Kindred Healthcare by 102.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,753,787 shares of the health services provider’s stock worth $20,431,000 after buying an additional 886,906 shares during the last quarter. Finally, QS Investors LLC increased its position in Kindred Healthcare by 4.0% in the second quarter. QS Investors LLC now owns 266,321 shares of the health services provider’s stock worth $3,103,000 after buying an additional 10,233 shares during the last quarter. 89.79% of the stock is owned by institutional investors.
Kindred Healthcare Company Profile
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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