LifePoint Hospitals Stock Rating Reaffirmed by Citigroup Inc. (LPNT)
LifePoint Hospitals (NASDAQ:LPNT)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research note issued on Monday. They currently have a $81.00 price target on the stock, up from their previous price target of $64.00. Citigroup Inc.’s price objective points to a potential upside of 11.13% from the company’s current price.
LifePoint Hospitals (NASDAQ:LPNT) traded up 3.73% 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’s 50-day moving average is $63.69 and its 200-day moving average is $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 posted its quarterly earnings results on Friday, July 25th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.65 earnings per share. LifePoint Hospitals’s revenue was up 15.4% compared to the same quarter last year. Analysts expect that LifePoint Hospitals will post $2.76 EPS for the current fiscal year.
A number of other firms have also recently commented on LPNT. Analysts at JPMorgan Chase & Co. raised their price target on shares of LifePoint Hospitals from $65.00 to $76.00 in a research note on Monday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.21.
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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