Kindred Healthcare, Inc. (KND) Lifted to “Hold” at ValuEngine
ValuEngine upgraded shares of Kindred Healthcare, Inc. (NYSE:KND) from a sell rating to a hold rating in a report issued on Thursday morning.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Kindred Healthcare from a hold rating to a sell rating in a research note on Wednesday, August 30th. Deutsche Bank AG reaffirmed a hold rating and issued a $9.00 price target (down from $10.00) on shares of Kindred Healthcare in a research note on Monday, September 18th. BidaskClub lowered shares of Kindred Healthcare from a buy rating to a hold rating in a research note on Wednesday, July 12th. Royal Bank Of Canada cut their target price on shares of Kindred Healthcare from $9.00 to $7.50 and set a sector perform rating for the company in a research note on Thursday, September 21st. Finally, Mizuho reissued a neutral rating and set a $7.50 target price (down from $8.00) on shares of Kindred Healthcare in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Kindred Healthcare has an average rating of Hold and an average price target of $9.17.
Shares of Kindred Healthcare (NYSE KND) traded down $0.20 during trading hours on Thursday, hitting $7.50. 1,529,800 shares of the stock were exchanged, compared to its average volume of 1,431,982. The firm has a market cap of $652.00, a price-to-earnings ratio of 37.50 and a beta of 1.12. Kindred Healthcare has a 12 month low of $5.50 and a 12 month high of $11.90. The company has a current ratio of 1.55, a quick ratio of 1.49 and a debt-to-equity ratio of 6.22.
Kindred Healthcare (NYSE:KND) last issued its quarterly earnings results on Monday, November 6th. The health services provider reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.08. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. equities analysts forecast that Kindred Healthcare will post 0.29 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in KND. Janus Henderson Group PLC acquired a new stake in Kindred Healthcare during the second quarter valued at approximately $130,000. Paloma Partners Management Co purchased a new stake in shares of Kindred Healthcare in the 1st quarter valued at approximately $133,000. Amalgamated Bank lifted its position in shares of Kindred Healthcare by 0.9% in the 2nd quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock valued at $134,000 after acquiring an additional 108 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Kindred Healthcare by 80.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 16,916 shares of the health services provider’s stock valued at $197,000 after acquiring an additional 7,516 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Kindred Healthcare by 11.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 24,305 shares of the health services provider’s stock valued at $203,000 after acquiring an additional 2,506 shares in the last quarter. 87.96% of the stock is 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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