Kindred Healthcare Receives Consensus Rating of “Buy” from Brokerages (NYSE:KND)
Shares of Kindred Healthcare (NYSE:KND) have been given an average recommendation of “Buy” by the nine ratings firms that are covering the company, American Banking News reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $28.50.
Shares of Kindred Healthcare (NYSE:KND) opened at 20.18 on Friday. Kindred Healthcare has a 52 week low of $12.95 and a 52 week high of $26.81. The stock has a 50-day moving average of $23.12 and a 200-day moving average of $23.08. The company’s market cap is $1.304 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. Analysts expect that Kindred Healthcare will post $1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, August 18th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Kindred Healthcare from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 14th. They now have a $18.50 price target on the stock. 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.