LHC Group, Inc. (LHCG) Given Consensus Rating of “Buy” by Analysts
LHC Group, Inc. (NASDAQ:LHCG) has received a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $76.89.
A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $70.00 price target on shares of LHC Group in a report on Wednesday, September 6th. Robert W. Baird reiterated a “hold” rating and set a $69.00 price target on shares of LHC Group in a report on Friday, November 10th. Zacks Investment Research downgraded shares of LHC Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Oppenheimer lifted their price target on shares of LHC Group from $68.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Finally, Jefferies Group lifted their price target on shares of LHC Group from $68.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call.
A number of institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA grew its holdings in LHC Group by 4.2% in the second quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock valued at $110,000 after purchasing an additional 66 shares during the period. Arizona State Retirement System grew its holdings in LHC Group by 1.3% in the second quarter. Arizona State Retirement System now owns 7,818 shares of the health services provider’s stock valued at $531,000 after purchasing an additional 100 shares during the period. Victory Capital Management Inc. grew its holdings in LHC Group by 0.3% in the second quarter. Victory Capital Management Inc. now owns 48,920 shares of the health services provider’s stock valued at $3,321,000 after purchasing an additional 142 shares during the period. The Manufacturers Life Insurance Company grew its holdings in LHC Group by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,254 shares of the health services provider’s stock valued at $832,000 after purchasing an additional 372 shares during the period. Finally, Acrospire Investment Management LLC grew its holdings in LHC Group by 30.8% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock valued at $115,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.
Shares of LHC Group (LHCG) traded up $0.45 during midday trading on Monday, hitting $61.25. 386,200 shares of the stock were exchanged, compared to its average volume of 160,811. The stock has a market capitalization of $1,119.59, a P/E ratio of 26.40, a PEG ratio of 1.82 and a beta of 0.70. LHC Group has a 1-year low of $44.04 and a 1-year high of $76.14. 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 (NASDAQ:LHCG) last issued its quarterly earnings results on Monday, November 6th. The health services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The business had revenue of $272.90 million during the quarter, compared to the consensus estimate of $265.35 million. LHC Group had a net margin of 4.09% and a return on equity of 9.52%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. analysts expect that LHC Group will post 2.4 EPS for the current fiscal year.
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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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