Kindred Healthcare, Inc. (KND) Receives Consensus Recommendation of “Hold” from Analysts
Kindred Healthcare, Inc. (NYSE:KND) has received a consensus rating of “Hold” from the ten ratings firms that are covering the firm. Four equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.75.
KND has been the subject of several research analyst reports. Royal Bank of Canada downgraded Kindred Healthcare from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 31st. Zacks Investment Research downgraded Kindred Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Mizuho upped their target price on Kindred Healthcare from $5.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, February 28th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $13.00 target price (up from $11.00) on shares of Kindred Healthcare in a research note on Sunday, May 7th.
Kindred Healthcare (NYSE:KND) traded up 1.50% during midday trading on Friday, reaching $10.15. 884,538 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $9.20 and its 200 day moving average is $8.03. The firm’s market capitalization is $869.17 million. Kindred Healthcare has a 52 week low of $5.65 and a 52 week high of $12.84.
Kindred Healthcare (NYSE:KND) last announced its earnings results on Wednesday, May 3rd. The health services provider reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.78 billion. Kindred Healthcare had a positive return on equity of 5.78% and a negative net margin of 8.31%. On average, equities analysts anticipate that Kindred Healthcare will post $0.53 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. ARP Americas LLC purchased a new position in Kindred Healthcare during the fourth quarter valued at approximately $100,000. TFS Capital LLC purchased a new position in Kindred Healthcare during the first quarter valued at approximately $104,000. Point72 Asia Hong Kong Ltd purchased a new position in Kindred Healthcare during the first quarter valued at approximately $121,000. First Citizens Bank & Trust Co. increased its position in Kindred Healthcare by 8.9% in the first quarter. First Citizens Bank & Trust Co. now owns 15,462 shares of the health services provider’s stock valued at $129,000 after buying an additional 1,260 shares in the last quarter. Finally, Two Sigma Securities LLC increased its position in Kindred Healthcare by 54.5% in the first quarter. Two Sigma Securities LLC now owns 15,632 shares of the health services provider’s stock valued at $131,000 after buying an additional 5,511 shares in the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.
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About Kindred Healthcare
Kindred Healthcare, Inc is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.
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