LifePoint Health (LPNT) Downgraded to “Sell” at BidaskClub

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BidaskClub downgraded shares of LifePoint Health (NASDAQ:LPNT) from a hold rating to a sell rating in a research report sent to investors on Tuesday, September 18th.

Several other equities research analysts also recently weighed in on LPNT. Zacks Investment Research raised shares of LifePoint Health from a hold rating to a buy rating and set a $55.00 price objective for the company in a report on Wednesday, July 4th. ValuEngine lowered shares of LifePoint Health from a sell rating to a strong sell rating in a research note on Thursday, June 21st. Robert W. Baird downgraded LifePoint Health from an outperform rating to a neutral rating and set a $74.00 target price on the stock. in a report on Tuesday, July 24th. Raymond James downgraded LifePoint Health from an outperform rating to a market perform rating in a report on Monday, July 23rd. Finally, Credit Suisse Group increased their price objective on LifePoint Health from $58.00 to $65.00 and gave the stock a neutral rating in a report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $59.57.

Shares of NASDAQ LPNT traded up $0.04 during trading on Tuesday, reaching $64.40. 402,787 shares of the stock were exchanged, compared to its average volume of 626,633. LifePoint Health has a twelve month low of $41.45 and a twelve month high of $65.35. The company has a current ratio of 1.85, a quick ratio of 1.63 and a debt-to-equity ratio of 1.27. The stock has a market cap of $2.49 billion, a P/E ratio of 17.74, a PEG ratio of 1.62 and a beta of 0.64.

LifePoint Health (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, July 27th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.19. LifePoint Health had a net margin of 0.65% and a return on equity of 7.04%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts expect that LifePoint Health will post 4.63 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in LifePoint Health in the third quarter worth about $178,000. United Services Automobile Association increased its position in LifePoint Health by 2.6% in the second quarter. United Services Automobile Association now owns 33,489 shares of the company’s stock worth $1,634,000 after purchasing an additional 855 shares during the period. Northern Trust Corp increased its position in LifePoint Health by 65.5% in the second quarter. Northern Trust Corp now owns 569,724 shares of the company’s stock worth $27,802,000 after purchasing an additional 225,428 shares during the period. Bank of New York Mellon Corp increased its position in LifePoint Health by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 526,019 shares of the company’s stock worth $25,669,000 after purchasing an additional 37,958 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in LifePoint Health by 226.1% in the second quarter. Public Employees Retirement System of Ohio now owns 32,200 shares of the company’s stock worth $1,571,000 after purchasing an additional 22,326 shares during the period.

About LifePoint Health

LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in the United States. Its hospitals provide a range of medical and surgical services, such as general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation, and pediatric, as well as specialized services, including open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery.

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Analyst Recommendations for LifePoint Health (NASDAQ:LPNT)

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