LHC Group Reaches New 52-Week High at $25.86 (LHCG)
LHC Group (NASDAQ:LHCG) shares reached a new 52-week high during mid-day trading on Monday , AmericanBankingNews.com reports. The company traded as high as $25.86 and last traded at $25.82, with a volume of 37,917 shares traded. The stock had previously closed at $25.33.
A number of analysts have recently weighed in on LHCG shares. Analysts at Credit Suisse reiterated an “underperform” rating on shares of LHC Group in a research note on Monday, August 11th. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at Zacks upgraded shares of LHC Group from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. They now have a $26.40 price target on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of LHC Group from $25.00 to $28.00 in a research note on Monday, August 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.88.
The stock’s 50-day moving average is $23.14 and its 200-day moving average is $22.07. The company has a market cap of $453.8 million and a price-to-earnings ratio of 21.47.
LHC Group (NASDAQ:LHCG) last announced its earnings results on Wednesday, August 6th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.03. The company had revenue of $188.90 million for the quarter, compared to the consensus estimate of $179.90 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that LHC Group will post $1.30 earnings per share for the current fiscal year.
In other LHC Group news, CEO Keith G. Myers sold 24,234 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $25.24, for a total transaction of $611,666.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
LHC Group, Inc (NASDAQ:LHCG) provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals (LTACHs).
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