Zacks Investment Research upgraded shares of Kindred Healthcare, Inc. (NYSE:KND) from a sell rating to a hold rating in a research note issued to investors on Tuesday 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. “
A number of other research firms have also commented on KND. BidaskClub lowered shares of Kindred Healthcare from a hold rating to a sell rating in a research report on Monday, July 31st. Deutsche Bank AG cut their target price on shares of Kindred Healthcare from $13.00 to $10.00 and set a buy rating for the company in a research report on Monday, August 7th. Royal Bank Of Canada reiterated a sector perform rating and issued a $8.50 target price (up from $7.50) on shares of Kindred Healthcare in a research report on Thursday, November 9th. ValuEngine upgraded shares of Kindred Healthcare from a sell rating to a hold rating in a research report on Thursday, November 9th. Finally, Stifel Nicolaus upgraded shares of Kindred Healthcare from a sell rating to a hold rating and set a $7.00 target price for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $8.86.
Shares of Kindred Healthcare (NYSE KND) traded up $0.40 during mid-day trading on Tuesday, reaching $8.20. 841,700 shares of the company’s stock were exchanged, compared to its average volume of 1,198,287. The company has a market cap of $712.85, a PE ratio of 41.00 and a beta of 1.12. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.55 and a quick ratio of 1.53. Kindred Healthcare has a 1-year low of $5.50 and a 1-year high of $11.90.
Kindred Healthcare (NYSE:KND) last released its quarterly earnings results on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 EPS. analysts forecast that Kindred Healthcare will post 0.27 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake 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 worth $125,923,000 after buying an additional 29,673 shares in the last quarter. Vanguard Group Inc. raised its stake 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 worth $93,572,000 after buying an additional 635,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $69,952,000 after buying an additional 315,752 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Kindred Healthcare by 69.8% in the third quarter. JPMorgan Chase & Co. now owns 3,572,684 shares of the health services provider’s stock worth $24,830,000 after buying an additional 1,468,066 shares in the last quarter. Finally, Glenview Capital Management LLC increased its stake in shares of Kindred Healthcare by 18.8% during the second quarter. Glenview Capital Management LLC now owns 2,374,713 shares of the health services provider’s stock valued at $27,665,000 after purchasing an additional 375,000 shares in the last quarter. 88.62% of the stock is owned by hedge funds and other institutional investors.
About Kindred Healthcare
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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