Kindred Healthcare Downgraded to “Underperform” at Zacks (KND)
Kindred Healthcare (NYSE:KND) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Thursday. They currently have a $18.50 price objective on the stock. Zacks‘s target price would suggest a potential downside of 4.88% from the company’s current price.
Separately, analysts at Craig Hallum initiated coverage on shares of Kindred Healthcare in a research note on Friday, May 23rd. They set a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.50.
Kindred Healthcare (NYSE:KND) traded up 1.88% on Thursday, hitting $19.815. The stock had a trading volume of 305,883 shares. Kindred Healthcare has a 1-year low of $12.95 and a 1-year high of $26.81. The stock has a 50-day moving average of $23.39 and a 200-day moving average of $23.0. The company’s market cap is $1.280 billion.
Kindred Healthcare (NYSE:KND) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that Kindred Healthcare will post $1.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Monday, August 18th.
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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