Zacks Investment Research downgraded shares of Kindred Healthcare, Inc. (NYSE:KND) from a hold rating to a sell rating in a research note published on Tuesday morning.
According to Zacks, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business. “
Several other equities analysts have also weighed in on KND. Mizuho reissued a neutral rating and issued a $9.00 price objective on shares of Kindred Healthcare in a research report on Monday, July 3rd. BidaskClub lowered shares of Kindred Healthcare from a buy rating to a hold rating in a research report on Wednesday, July 12th. Deutsche Bank AG lowered their price target on shares of Kindred Healthcare from $13.00 to $10.00 and set a buy rating on the stock in a research report on Monday, August 7th. Royal Bank Of Canada lowered their price target on shares of Kindred Healthcare from $9.00 to $7.50 and set a sector perform rating on the stock in a research report on Thursday, September 21st. Finally, Bank of America Corporation lowered their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an underperform rating on the stock in a research report on Thursday, September 21st. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Kindred Healthcare currently has a consensus rating of Hold and a consensus target price of $8.75.
Kindred Healthcare (KND) traded down 0.407% on Tuesday, hitting $6.125. 294,485 shares of the stock traded hands. The firm’s 50 day moving average is $6.99 and its 200 day moving average is $8.99. Kindred Healthcare has a 52 week low of $5.50 and a 52 week high of $11.90. The stock’s market cap is $532.99 million.
Kindred Healthcare (NYSE:KND) last issued its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities analysts anticipate that Kindred Healthcare will post $0.22 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in KND. SG Americas Securities LLC grew its stake in Kindred Healthcare by 28.1% during the first quarter. SG Americas Securities LLC now owns 20,915 shares of the health services provider’s stock worth $175,000 after buying an additional 4,584 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Kindred Healthcare by 149.4% during the second quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock worth $24,518,000 after buying an additional 1,260,753 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Kindred Healthcare by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 1,488,869 shares of the health services provider’s stock worth $17,345,000 after buying an additional 34,553 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in Kindred Healthcare during the first quarter worth about $121,000. Finally, Goldman Sachs Group Inc. grew its stake in Kindred Healthcare by 2.6% during the first quarter. Goldman Sachs Group Inc. now owns 866,881 shares of the health services provider’s stock worth $7,239,000 after buying an additional 22,210 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.
About Kindred Healthcare
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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