Kindred Healthcare, Inc. (KND) Receives Average Recommendation of “Hold” from Analysts
Shares of Kindred Healthcare, Inc. (NYSE:KND) have received an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $9.79.
A number of equities analysts have issued reports on the company. UBS AG reiterated a “neutral” rating and set a $10.50 price target (up previously from $8.00) on shares of Kindred Healthcare in a research report on Friday, May 5th. Zacks Investment Research downgraded Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Mizuho reiterated a “neutral” rating and set a $9.00 price target on shares of Kindred Healthcare in a research report on Monday, July 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $10.00 price target on shares of Kindred Healthcare in a research report on Monday, May 15th. Finally, BidaskClub downgraded Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.
Shares of Kindred Healthcare (KND) traded down 2.60% during midday trading on Tuesday, reaching $7.50. The company had a trading volume of 1,642,795 shares. The firm’s market capitalization is $652.64 million. The company has a 50 day moving average of $9.22 and a 200 day moving average of $9.25. Kindred Healthcare has a 12-month low of $5.65 and a 12-month high of $11.90.
Kindred Healthcare (NYSE:KND) last issued its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.59 billion. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. Kindred Healthcare’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share. Analysts anticipate that Kindred Healthcare will post $0.49 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Kindred Healthcare, Inc. (KND) Receives Average Recommendation of “Hold” from Analysts” was posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/29/kindred-healthcare-inc-knd-receives-average-recommendation-of-hold-from-analysts.html.
Several institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC purchased a new position in shares of Kindred Healthcare during the second quarter worth approximately $130,000. Amalgamated Bank boosted its position in shares of Kindred Healthcare by 0.9% in the second quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock worth $134,000 after buying an additional 108 shares during the last quarter. TFS Capital LLC purchased a new position in shares of Kindred Healthcare during the first quarter worth approximately $104,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Kindred Healthcare during the first quarter worth approximately $121,000. Finally, First Citizens Bank & Trust Co. boosted its position in shares of 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 worth $129,000 after buying an additional 1,260 shares during the last quarter. 88.72% of the stock is owned by institutional investors and hedge funds.
Kindred Healthcare Company Profile
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.
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.