Zacks Investment Research Lowers LifePoint Hospitals Inc. (LPNT) to Strong Sell
According to Zacks, “LifePoint Hospitals, Inc. is engaged in the operation of general, acute care hospitals in non-urban communities. The company’s general, acute care hospitals usually provide the range of medical and surgical services commonly available in hospitals in non-urban markets. These hospitals also provide diagnostic and emergency services, as well as outpatient and ancillary services including outpatient surgery, laboratory, radiology, respiratory therapy and physical therapy. “
A number of other brokerages have also commented on LPNT. Citigroup Inc. upped their price target on LifePoint Hospitals from $75.00 to $82.00 and gave the stock a buy rating in a report on Monday, June 6th. Raymond James Financial Inc. upgraded LifePoint Hospitals from a market perform rating to an outperform rating in a report on Wednesday, June 1st. Barclays PLC cut their price target on LifePoint Hospitals from $75.00 to $74.00 and set an underweight rating for the company in a report on Wednesday, June 1st. Credit Suisse Group AG reiterated a buy rating on shares of LifePoint Hospitals in a report on Tuesday, June 28th. Finally, Mizuho cut their price target on LifePoint Hospitals from $61.50 to $56.00 and set a neutral rating for the company in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. LifePoint Hospitals currently has a consensus rating of Hold and a consensus price target of $72.06.
LifePoint Hospitals (NASDAQ:LPNT) opened at 59.23 on Wednesday. The stock’s 50 day moving average is $57.44 and its 200 day moving average is $64.20. The firm has a market cap of $2.53 billion, a P/E ratio of 19.72 and a beta of 0.88. LifePoint Hospitals has a one year low of $54.82 and a one year high of $76.39.
LifePoint Hospitals (NASDAQ:LPNT) last posted its earnings results on Friday, July 29th. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.19. LifePoint Hospitals had a return on equity of 7.14% and a net margin of 2.08%. The company earned $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, equities research analysts expect that LifePoint Hospitals will post $3.51 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LifePoint Hospitals during the second quarter valued at approximately $111,000. Acrospire Investment Management LLC acquired a new stake in shares of LifePoint Hospitals during the first quarter valued at approximately $125,000. Pacad Investment Ltd. acquired a new stake in shares of LifePoint Hospitals during the second quarter valued at approximately $141,000. US Bancorp DE boosted its stake in shares of LifePoint Hospitals by 1.6% in the second quarter. US Bancorp DE now owns 2,316 shares of the company’s stock valued at $152,000 after buying an additional 37 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of LifePoint Hospitals during the second quarter valued at approximately $168,000. Institutional investors own 97.10% of the company’s stock.
About LifePoint Hospitals
LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LifePoint Hospitals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LifePoint Hospitals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.