Shares of Kindred Healthcare, Inc. (NYSE:KND) have been given an average rating of “Hold” by the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $8.75.
A number of brokerages have recently issued reports on KND. BidaskClub lowered Kindred Healthcare from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Mizuho reissued 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. Zacks Investment Research raised Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Bank of America Corporation dropped their price target on Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Thursday, September 21st. Finally, Royal Bank Of Canada dropped their price target on 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.
A number of large investors have recently bought and sold shares of KND. BlackRock Inc. raised its position in Kindred Healthcare by 41,968.4% during 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. Point72 Asset Management L.P. increased its position in Kindred Healthcare by 303.1% in the 1st quarter. Point72 Asset Management L.P. now owns 1,734,899 shares of the health services provider’s stock worth $14,486,000 after purchasing an additional 1,304,499 shares during the last quarter. JPMorgan Chase & Co. increased its position in Kindred Healthcare by 149.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock worth $24,518,000 after purchasing an additional 1,260,753 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Kindred Healthcare by 102.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,753,787 shares of the health services provider’s stock worth $20,431,000 after purchasing an additional 886,906 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Kindred Healthcare by 8.6% in the 2nd quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock worth $93,572,000 after purchasing an additional 635,000 shares during the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kindred Healthcare (KND) opened at 6.35 on Thursday. The firm’s market capitalization is $552.57 million. The firm has a 50-day moving average price of $6.82 and a 200-day moving average price of $8.93. Kindred Healthcare has a 52 week low of $5.50 and a 52 week high of $11.90.
Kindred Healthcare (NYSE:KND) last announced its earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.59 billion. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. Kindred Healthcare’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, equities analysts expect that Kindred Healthcare will post $0.22 earnings per share for the current fiscal year.
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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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