Kindred Healthcare, Inc. (NYSE:KND) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors 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. “
Other equities research analysts have also issued research reports about the stock. Bank of America Corporation dropped their price objective on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Thursday, September 21st. Royal Bank Of Canada dropped their price objective on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Thursday, September 21st. BidaskClub lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Deutsche Bank AG dropped their price objective on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. Finally, Mizuho reissued a “neutral” rating and set a $9.00 price objective on shares of Kindred Healthcare in a research note on Monday, July 3rd. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Kindred Healthcare has an average rating of “Hold” and an average price target of $8.94.
Kindred Healthcare (KND) opened at 6.30 on Tuesday. Kindred Healthcare has a 12-month low of $5.50 and a 12-month high of $11.90. The firm has a 50-day moving average price of $7.13 and a 200 day moving average price of $9.05. The firm’s market cap is $548.22 million.
Kindred Healthcare (NYSE:KND) last released its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts forecast that Kindred Healthcare will post $0.29 EPS for the current year.
WARNING: This piece of content was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/10/kindred-healthcare-inc-knd-cut-to-sell-at-zacks-investment-research.html.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd purchased a new stake in Kindred Healthcare during the first quarter valued at approximately $121,000. Janus Henderson Group PLC purchased a new stake in Kindred Healthcare during the second quarter valued at approximately $130,000. Two Sigma Securities LLC increased its holdings in Kindred Healthcare by 54.5% during the first quarter. Two Sigma Securities LLC now owns 15,632 shares of the health services provider’s stock valued at $131,000 after buying an additional 5,511 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Kindred Healthcare during the first quarter valued at approximately $133,000. Finally, Amalgamated Bank increased its holdings in Kindred Healthcare by 0.9% during the second quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock valued at $134,000 after buying an additional 108 shares during the last quarter. 88.14% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Kindred Healthcare Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kindred Healthcare Inc. and related companies with MarketBeat.com's FREE daily email newsletter.