Zacks upgraded shares of Kindred Healthcare (NYSE:KND) from an underperform rating to a neutral rating in a research note released on Tuesday morning, Analyst Ratings Network.com reports. They currently have $17.90 target price on the stock.
Zacks has also updated their ratings on a number of other healthcare stocks in the last week. The firm upgraded shares of Acadia Healthcare Co Inc from a neutral rating to an outperform rating. The firm now has a $49.50 price target on that stock. Also, Zacks reiterated its neutral rating on shares of MWI Veterinary Supply Inc.. They have a $184.00 price target on that stock. Finally, Zacks downgraded shares of Bio-Reference Laboratories Inc. from a neutral rating to an underperform rating. Their analysts now have a $24.30 price target on that stock.
Separately, analysts at RBC Capital raised their price target on shares of Kindred Healthcare from $11.00 to $18.00 in a research note to investors on Tuesday, November 26th. They now have a sector perform rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $18.48.
Shares of Kindred Healthcare (NYSE:KND) traded up 7.94% on Tuesday, hitting $19.43. The stock had a trading volume of 848,977 shares. Kindred Healthcare has a 52-week low of $9.75 and a 52-week high of $18.29. The stock’s 50-day moving average is $15.49 and its 200-day moving average is $14.49. The company’s market cap is $1.053 billion.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.10. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.21 earnings per share. Kindred Healthcare’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that Kindred Healthcare will post $1.05 earnings per share for the current fiscal year.
Kindred Healthcare, Inc is a healthcare services company that through its subsidiaries operates transitional care (NYSE:KND) hospitals, inpatient rehabilitation hospitals (IRFs), nursing and rehabilitation centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States.
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