Robert W. Baird restated their hold rating on shares of LHC Group (NASDAQ:LHCG) in a research report report published on Friday morning. They currently have a $69.00 target price on the health services provider’s stock.
A number of other research analysts also recently issued reports on LHCG. Jefferies Group LLC boosted their price target on LHC Group from $68.00 to $83.00 and gave the company a buy rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. Royal Bank Of Canada boosted their price objective on LHC Group from $70.00 to $81.00 and gave the company an outperform rating in a research report on Tuesday, November 7th. Zacks Investment Research cut LHC Group from a buy rating to a hold rating in a research report on Friday. Oppenheimer Holdings, Inc. boosted their price objective on LHC Group from $68.00 to $80.00 and gave the company an outperform rating in a research report on Tuesday, November 7th. Finally, Craig Hallum restated a buy rating and issued a $80.00 price objective (up from $67.00) on shares of LHC Group in a research report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $76.40.
Shares of LHC Group (LHCG) opened at $66.26 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. LHC Group has a twelve month low of $41.66 and a twelve month high of $76.14. The company has a market capitalization of $1,211.21, a PE ratio of 28.44, a P/E/G ratio of 1.96 and a beta of 0.70.
LHC Group (NASDAQ:LHCG) last announced its quarterly earnings results on Monday, November 6th. The health services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. LHC Group had a return on equity of 9.52% and a net margin of 4.09%. The company had revenue of $272.90 million during the quarter, compared to the consensus estimate of $265.35 million. During the same period in the previous year, the company posted $0.54 earnings per share. LHC Group’s revenue for the quarter was up 18.2% on a year-over-year basis. analysts expect that LHC Group will post 2.4 EPS for the current fiscal year.
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In other LHC Group news, COO Donald Dwayne Stelly sold 2,650 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $65.34, for a total value of $173,151.00. Following the completion of the sale, the chief operating officer now directly owns 109,235 shares in the company, valued at approximately $7,137,414.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 14.80% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of LHCG. UBS Asset Management Americas Inc. purchased a new stake in LHC Group in the 1st quarter valued at $248,000. Principal Financial Group Inc. lifted its stake in shares of LHC Group by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 113,707 shares of the health services provider’s stock valued at $6,129,000 after purchasing an additional 3,983 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of LHC Group by 1.2% in the 1st quarter. Legal & General Group Plc now owns 25,087 shares of the health services provider’s stock valued at $1,353,000 after purchasing an additional 290 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of LHC Group by 4.1% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,380 shares of the health services provider’s stock valued at $452,000 after purchasing an additional 330 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of LHC Group by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 1,432,008 shares of the health services provider’s stock valued at $77,185,000 after purchasing an additional 54,279 shares during the last quarter. Institutional investors own 87.29% of the company’s stock.
About LHC Group
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice agencies, community-based services agencies and long-term acute care hospitals (LTACHs). The Company operates through four segments: home health services, hospice services, community-based services and facility-based services.
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