Kindred Healthcare, Inc. (KND) Stock Rating Reaffirmed by Royal Bank of Canada
Kindred Healthcare, Inc. (NYSE:KND)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank of Canada in a report issued on Thursday. They presently have a $8.50 target price on the health services provider’s stock, up from their previous target price of $7.50. Royal Bank of Canada’s price objective would suggest a potential upside of 13.33% from the company’s current price.
Several other research firms have also recently commented on KND. Zacks Investment Research raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub cut shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Deutsche Bank AG dropped their target price on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Finally, Bank of America Corporation dropped their target price on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating for the company in a research report on Thursday, September 21st. Three 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. The company has a consensus rating of “Hold” and a consensus price target of $9.17.
Kindred Healthcare (KND) traded down $0.20 during trading hours on Thursday, hitting $7.50. 1,529,800 shares of the stock traded hands, compared to its average volume of 1,206,108. Kindred Healthcare has a 12-month low of $5.50 and a 12-month high of $11.90. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.49 and a current ratio of 1.55. The stock has a market cap of $669.38, a PE ratio of 38.50 and a beta of 1.12.
Kindred Healthcare (NYSE:KND) last posted its earnings results on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the company posted $0.05 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. equities research analysts expect that Kindred Healthcare will post 0.27 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of KND. Janus Henderson Group PLC bought a new stake in Kindred Healthcare during the 2nd quarter valued at about $130,000. Paloma Partners Management Co bought a new stake in Kindred Healthcare during the 1st quarter valued at about $133,000. Amalgamated Bank increased its stake in Kindred Healthcare by 0.9% during the 2nd quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock valued at $134,000 after purchasing an additional 108 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Kindred Healthcare by 80.0% during 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 purchasing an additional 7,516 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Kindred Healthcare by 11.5% during 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 purchasing an additional 2,506 shares in the last quarter. 87.96% of the stock is owned by institutional investors.
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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