Kindred Healthcare, Inc. (KND) Given Average Recommendation of “Hold” by Brokerages
Kindred Healthcare, Inc. (NYSE:KND) has earned a consensus rating of “Hold” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.94.
A number of brokerages recently issued reports on KND. Bank of America Corporation decreased their price objective on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Thursday. Royal Bank Of Canada decreased their target price on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Thursday. Zacks Investment Research raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and set a $9.00 target price (down previously from $10.00) on shares of Kindred Healthcare in a research note on Monday, September 18th. Finally, BidaskClub cut shares of Kindred Healthcare from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th.
ILLEGAL ACTIVITY NOTICE: This story was first posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/09/23/kindred-healthcare-inc-knd-given-average-recommendation-of-hold-by-brokerages.html.
A number of hedge funds have recently added to or reduced their stakes in KND. BlackRock Inc. lifted its holdings in 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 period. Wellington Management Group LLP lifted its holdings 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 during the period. Point72 Asset Management L.P. lifted its holdings 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 during the period. JPMorgan Chase & Co. lifted its holdings in Kindred Healthcare by 149.4% in the second quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock valued at $24,518,000 after buying an additional 1,260,753 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Kindred Healthcare by 102.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,753,787 shares of the health services provider’s stock valued at $20,431,000 after buying an additional 886,906 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.
Shares of Kindred Healthcare (KND) traded down 0.79% on Friday, hitting $6.25. The stock had a trading volume of 1,218,586 shares. Kindred Healthcare has a 12-month low of $5.65 and a 12-month high of $11.90. The firm’s market capitalization is $543.87 million. The company has a 50 day moving average of $7.62 and a 200-day moving average of $9.24.
Kindred Healthcare (NYSE:KND) last announced its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Equities analysts predict that Kindred Healthcare will post $0.35 EPS for the current fiscal year.
About Kindred Healthcare
Kindred Healthcare, Inc, incorporated on March 27, 1998, 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.