Kindred Healthcare Inc. (NYSE:KND) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.00.
Several research analysts have recently weighed in on KND shares. Zacks Investment Research cut Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Bank of America Corp. reaffirmed a “sell” rating and set a $11.00 price objective on shares of Kindred Healthcare in a research report on Friday, August 5th. Finally, Mizuho reduced their price objective on Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 6th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacad Investment Ltd. bought a new position in shares of Kindred Healthcare during the second quarter valued at approximately $100,000. Amalgamated Bank acquired a new stake in Kindred Healthcare during the second quarter worth about $111,000. BlackRock Inc. boosted its stake in Kindred Healthcare by 88.5% in the first quarter. BlackRock Inc. now owns 10,159 shares of the company’s stock worth $126,000 after buying an additional 4,770 shares during the last quarter. Rational Advisors LLC acquired a new stake in Kindred Healthcare during the second quarter worth about $116,000. Finally, PineBridge Investments L.P. boosted its stake in Kindred Healthcare by 5.5% in the second quarter. PineBridge Investments L.P. now owns 10,800 shares of the company’s stock worth $122,000 after buying an additional 560 shares during the last quarter. 95.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Kindred Healthcare (NYSE:KND) traded up 5.60% on Tuesday, reaching $9.99. The company’s stock had a trading volume of 715,735 shares. The company’s 50 day moving average is $10.25 and its 200-day moving average is $11.67. The firm has a market cap of $851.68 million, a price-to-earnings ratio of 12.91 and a beta of 1.58. Kindred Healthcare has a 1-year low of $7.96 and a 1-year high of $15.66.
Kindred Healthcare (NYSE:KND) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Kindred Healthcare had a return on equity of 6.23% and a net margin of 0.94%. The company earned $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts expect that Kindred Healthcare will post $0.90 EPS for the current year.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.
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