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.

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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.

Analyst Recommendations for Kindred Healthcare (NYSE:KND)

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