Kindred Healthcare Price Target Raised to $27.00 at Susquehanna (KND)
Investment analysts at Susquehanna hoisted their price target on shares of Kindred Healthcare (NYSE:KND) from $25.00 to $27.00 in a note issued to investors on Friday, American Banking News.com reports. Susquehanna’s price objective suggests a potential upside of 23.46% from the stock’s previous close.
A number of other analysts have also recently weighed in on KND. Analysts at RBC Capital upgraded shares of Kindred Healthcare from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $42.00 price target on the stock, up previously from $18.00. Separately, analysts at Barclays raised their price target on shares of Kindred Healthcare from $26.00 to $30.00 in a research note on Tuesday, April 1st. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG upgraded shares of Kindred Healthcare from an “underperform” rating to a “market perform” rating in a research note on Monday, February 24th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $29.23.
Kindred Healthcare (NYSE:KND) traded up 0.23% during mid-day trading on Friday, hitting $21.92. 109,632 shares of the company’s stock traded hands. Kindred Healthcare has a 52-week low of $11.98 and a 52-week high of $26.72. The stock has a 50-day moving average of $24.05 and a 200-day moving average of $19.93. The company’s market cap is $1.186 billion.
Kindred Healthcare (NYSE:KND) last released its earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that Kindred Healthcare will post $1.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 11th. Investors of record on Wednesday, May 21st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Monday, May 19th.
Kindred Healthcare, Inc is a healthcare services company that through its subsidiaries operates transitional care (NYSE:KND) hospitals, inpatient rehabilitation hospitals (IRFs), nursing and rehabilitation centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States.
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