Kindred Healthcare, Inc. (NYSE:KND)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank Of Canada in a research report issued on Thursday, November 9th, Marketbeat reports. They currently have a $8.50 price objective on the health services provider’s stock, up from their prior price objective of $7.50. Royal Bank Of Canada’s price objective would indicate a potential upside of 3.66% from the stock’s previous close.
Several other brokerages also recently commented on KND. BidaskClub downgraded Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Deutsche Bank AG decreased their target price on Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. ValuEngine upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Finally, Mizuho reiterated a “neutral” rating and issued a $7.50 target price (down from $8.00) on shares of Kindred Healthcare in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.86.
Kindred Healthcare (NYSE:KND) traded up $0.40 during midday trading on Thursday, reaching $8.20. The company had a trading volume of 841,742 shares, compared to its average volume of 1,198,287. Kindred Healthcare has a 12 month low of $5.50 and a 12 month high of $11.90. The stock has a market capitalization of $695.46, a P/E ratio of 40.00 and a beta of 1.12. The company has a quick ratio of 1.53, a current ratio of 1.55 and a debt-to-equity ratio of 6.22.
Kindred Healthcare (NYSE:KND) last announced its quarterly earnings data on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. Kindred Healthcare had a positive return on equity of 2.29% and a negative net margin of 8.06%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $0.05 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. sell-side analysts anticipate that Kindred Healthcare will post 0.32 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC purchased a new stake in shares of Kindred Healthcare in the second quarter valued at approximately $130,000. Amalgamated Bank boosted its holdings in shares of Kindred Healthcare by 0.9% in the second quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock valued at $134,000 after purchasing an additional 108 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Kindred Healthcare in the first quarter valued at approximately $133,000. State of Alaska Department of Revenue boosted its holdings in shares of Kindred Healthcare by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 16,916 shares of the health services provider’s stock valued at $197,000 after purchasing an additional 7,516 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new stake in Kindred Healthcare during the second quarter worth $216,000. Hedge funds and other institutional investors own 88.62% of the company’s stock.
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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