LifePoint Hospitals Given Average Rating of “Hold” by Analysts (NASDAQ:LPNT)
Shares of LifePoint Hospitals (NASDAQ:LPNT) have received a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, AR Network reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $61.95.
A number of analysts have recently weighed in on LPNT shares. Analysts at Susquehanna raised their price target on shares of LifePoint Hospitals from $50.00 to $55.00 in a research note on Wednesday, July 16th. Separately, analysts at Deutsche Bank raised their price target on shares of LifePoint Hospitals from $63.00 to $75.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of LifePoint Hospitals in a research note on Tuesday, June 3rd. They now have a $65.00 price target on the stock, up previously from $62.00.
Shares of LifePoint Hospitals (NASDAQ:LPNT) opened at 63.74 on Friday. LifePoint Hospitals has a 52 week low of $43.97 and a 52 week high of $66.37. The stock has a 50-day moving average of $63.2 and a 200-day moving average of $56.75. The company has a market cap of $2.835 billion and a P/E ratio of 23.07.
LifePoint Hospitals (NASDAQ:LPNT) last announced its earnings results on Friday, April 25th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.79 earnings per share. LifePoint Hospitals’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that LifePoint Hospitals will post $2.71 EPS 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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