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.

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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.

Analyst Recommendations for Kindred Healthcare (NYSE:KND)

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