BMO Capital Markets started coverage on shares of LifePoint Health, Inc. (NASDAQ:LPNT) in a research report released on Monday, October 16th. The brokerage issued a market perform rating and a $59.00 price objective on the stock.
LPNT has been the subject of a number of other research reports. BidaskClub lowered shares of LifePoint Health from a buy rating to a hold rating in a research report on Saturday, July 8th. Royal Bank Of Canada reiterated a buy rating and set a $77.00 target price on shares of LifePoint Health in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of LifePoint Health from a hold rating to a buy rating and set a $75.00 target price for the company in a research report on Tuesday, July 4th. TheStreet lowered shares of LifePoint Health from a b- rating to a c+ rating in a research report on Wednesday, August 16th. Finally, ValuEngine lowered shares of LifePoint Health from a buy rating to a hold rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. LifePoint Health currently has a consensus rating of Hold and an average price target of $65.54.
LifePoint Health (NASDAQ LPNT) opened at 55.90 on Monday. LifePoint Health has a 52-week low of $50.60 and a 52-week high of $70.95. The company has a 50-day moving average of $56.66 and a 200 day moving average of $60.64. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 12.52 and a beta of 0.84.
LifePoint Health (NASDAQ:LPNT) last issued its earnings results on Tuesday, August 1st. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.64 billion. LifePoint Health had a net margin of 2.61% and a return on equity of 7.40%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. On average, equities research analysts anticipate that LifePoint Health will post $4.07 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in LPNT. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of LifePoint Health by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock worth $113,000 after acquiring an additional 164 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of LifePoint Health by 43.7% during the second quarter. LS Investment Advisors LLC now owns 1,785 shares of the company’s stock worth $120,000 after acquiring an additional 543 shares in the last quarter. US Bancorp DE raised its stake in shares of LifePoint Health by 1.6% during the first quarter. US Bancorp DE now owns 1,931 shares of the company’s stock worth $127,000 after acquiring an additional 30 shares in the last quarter. Shelton Capital Management purchased a new position in shares of LifePoint Health during the second quarter worth approximately $205,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of LifePoint Health during the first quarter worth approximately $210,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.
LifePoint Health Company Profile
LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.
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