Kindred Healthcare, Inc. (KND) Given Average Rating of “Hold” by Analysts

Shares of Kindred Healthcare, Inc. (NYSE:KND) have been given an average rating of “Hold” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.07.

A number of equities research analysts have weighed in on KND shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $8.50 target price (up from $7.50) on shares of Kindred Healthcare in a report on Thursday, November 9th. Zacks Investment Research upgraded Kindred Healthcare from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, January 10th. Mizuho set a $9.00 target price on Kindred Healthcare and gave the stock a “hold” rating in a report on Monday, December 18th. ValuEngine upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus upgraded Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a report on Monday, November 20th.

Shares of Kindred Healthcare (KND) opened at $8.90 on Wednesday. The firm has a market capitalization of $818.63, a P/E ratio of -1.48 and a beta of 1.14. The company has a quick ratio of 1.53, a current ratio of 1.55 and a debt-to-equity ratio of 6.22. Kindred Healthcare has a 1-year low of $5.50 and a 1-year high of $11.90.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Kindred Healthcare by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 26,773 shares of the health services provider’s stock valued at $312,000 after acquiring an additional 2,468 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Kindred Healthcare by 9.5% during the second quarter. Voya Investment Management LLC now owns 39,207 shares of the health services provider’s stock valued at $457,000 after acquiring an additional 3,408 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Kindred Healthcare by 8.8% during the second quarter. Stifel Financial Corp now owns 47,078 shares of the health services provider’s stock valued at $541,000 after acquiring an additional 3,800 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Kindred Healthcare by 10.0% during the second quarter. UBS Asset Management Americas Inc. now owns 74,057 shares of the health services provider’s stock valued at $863,000 after acquiring an additional 6,704 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of Kindred Healthcare by 2.6% during the third quarter. Nationwide Fund Advisors now owns 343,823 shares of the health services provider’s stock valued at $2,338,000 after acquiring an additional 8,685 shares in the last quarter. Hedge funds and other institutional investors own 83.89% of the company’s stock.

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Kindred Healthcare Company Profile

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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