Kindred Healthcare, Inc. (KND) Upgraded by Zacks Investment Research to “Hold”
Kindred Healthcare, Inc. (NYSE:KND) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business. “
KND has been the topic of a number of other reports. BidaskClub cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada reduced their price target on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Thursday, September 21st. Mizuho reaffirmed a “neutral” rating and set a $7.50 price target (down from $8.00) on shares of Kindred Healthcare in a research report on Tuesday, October 10th. Deutsche Bank AG reaffirmed a “hold” rating and set a $9.00 price target (down from $10.00) on shares of Kindred Healthcare in a research report on Monday, September 18th. Finally, Bank of America Corporation reduced their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $8.86.
Shares of Kindred Healthcare (NYSE KND) opened at $8.00 on Tuesday. Kindred Healthcare has a twelve month low of $5.50 and a twelve month high of $11.90. The stock has a market cap of $660.69, a P/E ratio of 38.00 and a beta of 1.12. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.55 and a quick ratio of 1.53.
Kindred Healthcare (NYSE:KND) last announced its quarterly earnings results on Monday, November 6th. The health services provider reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. Kindred Healthcare’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. equities analysts anticipate that Kindred Healthcare will post 0.32 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of KND. Janus Henderson Group PLC acquired a new position in shares of Kindred Healthcare during the second quarter worth $130,000. Paloma Partners Management Co acquired a new position in shares of Kindred Healthcare during the first quarter worth $133,000. Highbridge Capital Management LLC acquired a new position in shares of Kindred Healthcare during the third quarter worth $133,000. Amalgamated Bank lifted its position in shares of Kindred Healthcare by 0.9% during the second quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock worth $134,000 after purchasing an additional 108 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Kindred Healthcare by 80.0% during the second quarter. State of Alaska Department of Revenue now owns 16,916 shares of the health services provider’s stock worth $197,000 after purchasing an additional 7,516 shares in the last quarter. 88.62% of the stock is currently owned by institutional investors and hedge funds.
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.
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