Kindred Healthcare, Inc. (NYSE:KND) had its target price lowered by Royal Bank Of Canada from $9.00 to $7.50 in a report released on Thursday. The firm presently has a “sector perform” rating on the health services provider’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 33.93% from the company’s previous close.
Other research analysts have also issued reports about the company. Deutsche Bank AG reiterated a “hold” rating and set a $9.00 target price (down from $10.00) on shares of Kindred Healthcare in a report on Monday. Mizuho reiterated a “neutral” rating and set a $9.00 target price on shares of Kindred Healthcare in a report on Monday, July 3rd. BidaskClub lowered Kindred Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research lowered Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.50.
Kindred Healthcare (KND) opened at 5.60 on Thursday. The company’s 50-day moving average price is $7.62 and its 200 day moving average price is $9.24. The firm’s market capitalization is $487.31 million. Kindred Healthcare has a 52-week low of $5.50 and a 52-week high of $11.90.
Kindred Healthcare (NYSE:KND) last posted its earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.59 billion. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Equities analysts predict that Kindred Healthcare will post $0.42 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank increased its position in Kindred Healthcare by 0.9% during the second quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock worth $134,000 after buying an additional 108 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Kindred Healthcare by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 34,900 shares of the health services provider’s stock worth $407,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Kindred Healthcare by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 48,725 shares of the health services provider’s stock worth $568,000 after acquiring an additional 240 shares during the period. Arizona State Retirement System boosted its holdings in shares of Kindred Healthcare by 0.7% during the second quarter. Arizona State Retirement System now owns 44,664 shares of the health services provider’s stock worth $520,000 after acquiring an additional 300 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Kindred Healthcare by 0.3% during the second quarter. Rhumbline Advisers now owns 178,931 shares of the health services provider’s stock worth $2,085,000 after acquiring an additional 449 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.
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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