JPMorgan Chase & Co. Increases LifePoint Hospitals Price Target to $76.00 (LPNT)
Investment analysts at JPMorgan Chase & Co. raised their price objective on shares of LifePoint Hospitals (NASDAQ:LPNT) from $65.00 to $76.00 in a note issued to investors on Monday. JPMorgan Chase & Co.’s target price suggests a potential upside of 4.27% from the company’s current price.
LPNT has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of LifePoint Hospitals from $59.00 to $69.00 in a research note on Monday. They now have an “underweight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of LifePoint Hospitals from $63.00 to $89.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of LifePoint Hospitals from $55.00 to $80.00 in a research note on Monday. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. LifePoint Hospitals has a consensus rating of “Hold” and a consensus target price of $70.21.
Shares of LifePoint Hospitals (NASDAQ:LPNT) traded up 3.73% during mid-day trading on Monday, hitting $72.89. The stock had a trading volume of 1,146,576 shares. LifePoint Hospitals has a 52-week low of $43.97 and a 52-week high of $76.30. The stock has a 50-day moving average of $63.69 and a 200-day moving average of $57.10. The company has a market cap of $3.290 billion and a price-to-earnings ratio of 23.12.
LifePoint Hospitals (NASDAQ:LPNT) last announced its earnings results on Friday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.29. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts predict that LifePoint Hospitals will post $2.76 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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