Kindred Healthcare, Inc. (KND) Receives “Sector Perform” Rating from Royal Bank of Canada
Royal Bank of Canada reiterated their sector perform rating on shares of Kindred Healthcare, Inc. (NYSE:KND) in a report issued on Thursday morning. The firm currently has a $8.50 target price on the health services provider’s stock, up from their prior target price of $7.50.
Several other equities research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Kindred Healthcare from a sell rating to a hold rating in a research report on Thursday. Mizuho reiterated a neutral rating and set a $7.50 price objective (down from $8.00) on shares of Kindred Healthcare in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of Kindred Healthcare from a hold rating to a sell rating in a research report on Tuesday, October 10th. Bank of America Corporation decreased their price objective on shares of Kindred Healthcare from $7.50 to $6.50 and set an underperform rating for the company in a research report on Thursday, September 21st. Finally, Deutsche Bank AG reiterated a hold rating and set a $9.00 price objective (down from $10.00) on shares of Kindred Healthcare in a research report on Monday, September 18th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $9.17.
Kindred Healthcare (KND) traded down $0.20 on Thursday, hitting $7.50. 1,529,800 shares of the stock traded hands, compared to its average volume of 1,206,108. Kindred Healthcare has a 52 week low of $5.50 and a 52 week high of $11.90. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.49 and a current ratio of 1.55. The firm has a market capitalization of $669.38, a PE ratio of 38.50 and a beta of 1.12.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings data on Monday, November 6th. The health services provider reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company posted $0.05 earnings per share. Kindred Healthcare’s revenue for the quarter was down 5.5% compared to the same quarter last year. equities research analysts anticipate that Kindred Healthcare will post 0.27 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of KND. BlackRock Inc. boosted its stake in Kindred Healthcare by 41,968.4% during the first quarter. BlackRock Inc. now owns 10,779,191 shares of the health services provider’s stock worth $90,006,000 after acquiring an additional 10,753,568 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Kindred Healthcare by 69.8% during the third quarter. JPMorgan Chase & Co. now owns 3,572,684 shares of the health services provider’s stock worth $24,830,000 after acquiring an additional 1,468,066 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Kindred Healthcare by 102.3% during 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 acquiring an additional 886,906 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kindred Healthcare by 8.6% during the second quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock worth $93,572,000 after acquiring an additional 635,000 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in Kindred Healthcare by 232.3% during the second quarter. Bank of Nova Scotia now owns 876,317 shares of the health services provider’s stock worth $10,209,000 after acquiring an additional 612,598 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc, incorporated on March 27, 1998, 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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