BidaskClub Downgrades Kindred Healthcare, Inc. (KND) to Sell

BidaskClub cut shares of Kindred Healthcare, Inc. (NYSE:KND) from a hold rating to a sell rating in a report issued on Monday, July 31st.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Kindred Healthcare from a hold rating to a sell rating in a report on Thursday, July 6th. Mizuho restated a neutral rating and issued a $9.00 price target on shares of Kindred Healthcare in a report on Monday, July 3rd. Royal Bank Of Canada restated a hold rating and issued a $10.00 price target on shares of Kindred Healthcare in a report on Monday, May 15th. Barclays PLC reiterated a buy rating and issued a $13.00 target price (up from $11.00) on shares of Kindred Healthcare in a research note on Sunday, May 7th. Finally, UBS AG reiterated a neutral rating and issued a $10.50 target price (up from $8.00) on shares of Kindred Healthcare in a research note on Friday, May 5th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $9.94.

Shares of Kindred Healthcare (KND) opened at 7.35 on Monday. The stock has a 50 day moving average of $10.24 and a 200-day moving average of $9.20. The firm’s market capitalization is $639.59 million. Kindred Healthcare has a 52-week low of $5.65 and a 52-week high of $11.90.

Kindred Healthcare (NYSE:KND) last issued its earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the business earned $0.38 EPS. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. Equities analysts expect that Kindred Healthcare will post $0.57 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of KND. BlackRock Inc. raised its stake in shares of Kindred Healthcare by 41,968.4% in 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 last quarter. Wellington Management Group LLP boosted its stake in shares of Kindred Healthcare by 40.9% in the first quarter. Wellington Management Group LLP now owns 7,945,247 shares of the health services provider’s stock valued at $66,342,000 after buying an additional 2,307,814 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Kindred Healthcare by 303.1% in the first quarter. Point72 Asset Management L.P. now owns 1,734,899 shares of the health services provider’s stock valued at $14,486,000 after buying an additional 1,304,499 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Kindred Healthcare by 149.4% in the second quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock valued at $24,518,000 after buying an additional 1,260,753 shares during the period. Finally, Norges Bank acquired a new stake in shares of Kindred Healthcare during the fourth quarter valued at about $8,342,000. 88.88% of the stock is owned by institutional investors.

Kindred Healthcare Company Profile

Kindred Healthcare, Inc 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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