Shares of Kindred Healthcare, Inc. (NYSE:KND) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the firm. Four analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.75.
Several analysts have issued reports on KND shares. Barclays PLC restated a “buy” rating and set a $17.00 price target on shares of Kindred Healthcare in a research report on Tuesday, November 8th. Zacks Investment Research upgraded shares of Kindred Healthcare from a “sell” rating to a “buy” rating and set a $9.00 target price for the company in a report on Wednesday, January 11th. Stifel Nicolaus lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating and dropped their target price for the stock from $10.00 to $5.00 in a report on Tuesday, November 8th. Mizuho dropped their target price on shares of Kindred Healthcare from $11.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, November 8th. Finally, BMO Capital Markets lowered shares of Kindred Healthcare to an “underperform” rating in a report on Thursday, November 10th.
Kindred Healthcare (NYSE:KND) traded down 3.103% during trading on Friday, reaching $7.025. The company’s stock had a trading volume of 878,117 shares. Kindred Healthcare has a one year low of $5.65 and a one year high of $15.66. The company has a 50-day moving average of $7.76 and a 200 day moving average of $9.35. The firm’s market cap is $598.25 million.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. Kindred Healthcare had a negative net margin of 8.31% and a positive return on equity of 5.78%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $0.23 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Kindred Healthcare will post $0.74 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. LSV Asset Management increased its position in shares of Kindred Healthcare by 5.1% in the third quarter. LSV Asset Management now owns 4,345,805 shares of the company’s stock worth $44,414,000 after buying an additional 212,500 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Kindred Healthcare by 8.2% in the third quarter. BlackRock Fund Advisors now owns 6,465,561 shares of the company’s stock worth $66,078,000 after buying an additional 489,417 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Kindred Healthcare by 10.7% in the third quarter. UBS Asset Management Americas Inc. now owns 113,881 shares of the company’s stock worth $1,164,000 after buying an additional 11,000 shares in the last quarter. Altrinsic Global Advisors LLC increased its position in shares of Kindred Healthcare by 2.1% in the third quarter. Altrinsic Global Advisors LLC now owns 487,000 shares of the company’s stock worth $4,977,000 after buying an additional 10,000 shares in the last quarter. Finally, South Dakota Investment Council increased its position in shares of Kindred Healthcare by 25.3% in the third quarter. South Dakota Investment Council now owns 507,200 shares of the company’s stock worth $5,184,000 after buying an additional 102,500 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.
About Kindred Healthcare
Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.