Kindred Healthcare, Inc. (KND) Cut to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Kindred Healthcare, Inc. (NYSE:KND) from a hold rating to a sell rating in a research report report published on Wednesday 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. “
Other research analysts have also recently issued reports about the stock. Deutsche Bank AG reissued a hold rating and set a $9.00 price target (down from $10.00) on shares of Kindred Healthcare in a report on Monday, September 18th. BidaskClub cut shares of Kindred Healthcare from a buy rating to a hold rating in a report on Wednesday, July 12th. Mizuho reissued a neutral rating and set a $9.00 price target on shares of Kindred Healthcare in a report on Monday, July 3rd. Royal Bank Of Canada cut their price target on shares of Kindred Healthcare from $9.00 to $7.50 and set a sector perform rating for the company in a report on Thursday, September 21st. Finally, Bank of America Corporation cut their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an underperform rating for the company in a report on Thursday, September 21st. Six investment 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. The stock currently has a consensus rating of Hold and a consensus target price of $8.94.
Shares of Kindred Healthcare (NYSE KND) opened at 6.50 on Wednesday. The firm’s market capitalization is $565.62 million. The stock’s 50 day moving average price is $7.17 and its 200-day moving average price is $9.05. 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 quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Equities research analysts anticipate that Kindred Healthcare will post $0.32 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of KND. SG Americas Securities LLC grew its position in shares of Kindred Healthcare by 28.1% in the first quarter. SG Americas Securities LLC now owns 20,915 shares of the health services provider’s stock valued at $175,000 after purchasing an additional 4,584 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Kindred Healthcare by 149.4% in the second quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock valued at $24,518,000 after purchasing an additional 1,260,753 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Kindred Healthcare by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 1,488,869 shares of the health services provider’s stock valued at $17,345,000 after purchasing an additional 34,553 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Kindred Healthcare in the first quarter valued at approximately $121,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Kindred Healthcare by 2.6% in the first quarter. Goldman Sachs Group Inc. now owns 866,881 shares of the health services provider’s stock valued at $7,239,000 after purchasing an additional 22,210 shares during the last quarter. 88.14% of the stock is owned by 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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