Kindred Healthcare, Inc. (NYSE:KND) has earned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.83.

KND has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Thursday. Barclays PLC reaffirmed a “buy” rating and issued a $13.00 target price (up from $11.00) on shares of Kindred Healthcare in a report on Sunday, May 7th. Mizuho reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Kindred Healthcare in a report on Monday, July 3rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $10.00 target price on shares of Kindred Healthcare in a report on Monday, May 15th.

Kindred Healthcare (NYSE KND) traded up 3.21% during mid-day trading on Monday, reaching $11.25. 1,037,803 shares of the company’s stock traded hands. Kindred Healthcare has a 52 week low of $5.65 and a 52 week high of $12.55. The stock’s market capitalization is $963.37 million. The stock’s 50 day moving average is $10.51 and its 200-day moving average is $8.73.

Kindred Healthcare (NYSE:KND) last announced its earnings results on Wednesday, May 3rd. The health services provider reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Kindred Healthcare had a negative net margin of 9.55% and a positive return on equity of 4.08%. On average, equities analysts anticipate that Kindred Healthcare will post $0.52 EPS for the current year.

Several large investors have recently modified their holdings of KND. BlackRock Inc. raised its stake in shares of Kindred Healthcare by 41,968.4% in the first quarter. BlackRock Inc. now owns 10,779,191 shares of the health services provider’s stock valued at $90,006,000 after buying an additional 10,753,568 shares during the last quarter. Wellington Management Group LLP raised its stake in Kindred Healthcare by 40.9% in the first quarter. Wellington Management Group LLP now owns 7,945,247 shares of the health services provider’s stock valued at $66,342,000 after buying an additional 2,307,814 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Kindred Healthcare by 303.1% in the first quarter. Point72 Asset Management L.P. now owns 1,734,899 shares of the health services provider’s stock valued at $14,486,000 after buying an additional 1,304,499 shares in the last quarter. Norges Bank acquired a new stake in Kindred Healthcare during the fourth quarter valued at approximately $8,342,000. Finally, Bogle Investment Management L P DE acquired a new stake in Kindred Healthcare during the first quarter valued at approximately $3,085,000. Institutional investors own 89.56% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Kindred Healthcare, Inc. (NYSE:KND) Receives Average Recommendation of “Hold” from Brokerages” was first reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/07/10/kindred-healthcare-inc-nyseknd-receives-average-recommendation-of-hold-from-brokerages.html.

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.

Analyst Recommendations for Kindred Healthcare (NYSE:KND)

Receive News & Ratings for Kindred Healthcare Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kindred Healthcare Inc. and related companies with MarketBeat.com's FREE daily email newsletter.