LifePoint Hospitals Price Target Raised to $62.00 at JPMorgan Chase & Co. (LPNT)
JPMorgan Chase & Co. boosted their price objective on shares of LifePoint Hospitals (NASDAQ:LPNT) from $59.00 to $62.00 in a research note issued on Monday, AnalystRatingsNetwork reports. JPMorgan Chase & Co.’s price objective indicates a potential upside of 9.19% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of LifePoint Hospitals from $56.00 to $59.00 in a research note on Monday. Separately, analysts at CRT Capital raised their price target on shares of LifePoint Hospitals from $60.00 to $63.50 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of LifePoint Hospitals in a research note on Monday. They now have a $65.00 price target on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.65.
LifePoint Hospitals (NASDAQ:LPNT) traded down 0.16% during mid-day trading on Monday, hitting $56.78. The stock had a trading volume of 1,607,636 shares. LifePoint Hospitals has a 52-week low of $43.97 and a 52-week high of $59.71. The stock has a 50-day moving average of $53.07 and a 200-day moving average of $52.25. The company has a market cap of $2.525 billion and a P/E ratio of 20.46.
LifePoint Hospitals (NASDAQ:LPNT) last announced its earnings results on Friday, April 25th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.13. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that LifePoint Hospitals will post $2.66 earnings per share for the current fiscal year.
LifePoint Hospitals, Inc (NASDAQ:LPNT), through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States.
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