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.

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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.

Analyst Recommendations for Kindred Healthcare (NYSE:KND)

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