Credit Suisse Group initiated coverage on shares of LifePoint Health, Inc. (NASDAQ:LPNT) in a report published on Thursday, November 2nd. The brokerage issued a neutral rating and a $54.00 price target on the stock.
Several other equities research analysts also recently weighed in on LPNT. Zacks Investment Research raised shares of LifePoint Health from a sell rating to a hold rating in a research note on Monday, August 21st. ValuEngine raised shares of LifePoint Health from a hold rating to a buy rating in a research note on Thursday, August 17th. Robert W. Baird set a $55.00 price target on shares of LifePoint Health and gave the stock a buy rating in a report on Monday, October 30th. BidaskClub cut shares of LifePoint Health from a hold rating to a sell rating in a report on Tuesday, August 1st. Finally, TheStreet cut shares of LifePoint Health from a b- rating to a c+ rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $60.23.
Shares of LifePoint Health (NASDAQ LPNT) opened at $43.85 on Thursday. The stock has a market cap of $1,702.76, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.12 and a beta of 0.68. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.65 and a current ratio of 1.85. LifePoint Health has a 12 month low of $42.50 and a 12 month high of $70.95.
LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings results on Friday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.15). LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company earned $0.94 EPS. LifePoint Health’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts forecast that LifePoint Health will post 3.65 EPS for the current year.
LifePoint Health declared that its Board of Directors has approved a stock buyback plan on Friday, October 27th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Several institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in shares of LifePoint Health by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock valued at $216,000 after purchasing an additional 9 shares during the last quarter. US Bancorp DE raised its position in shares of LifePoint Health by 0.8% in the 2nd quarter. US Bancorp DE now owns 1,947 shares of the company’s stock valued at $130,000 after purchasing an additional 16 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of LifePoint Health by 1.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,891 shares of the company’s stock valued at $396,000 after purchasing an additional 56 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of LifePoint Health by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 13,547 shares of the company’s stock valued at $909,000 after purchasing an additional 76 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of LifePoint Health by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock valued at $113,000 after purchasing an additional 164 shares during the last quarter. 99.18% of the stock is owned by hedge funds and other institutional investors.
LifePoint Health Company Profile
LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.
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