LifePoint Health, Inc. (NASDAQ:LPNT) has been given a $55.00 price target by equities research analysts at Robert W. Baird in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Robert W. Baird’s target price points to a potential upside of 11.62% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada restated a “buy” rating and set a $77.00 price objective on shares of LifePoint Health in a research note on Wednesday, July 5th. Zacks Investment Research upgraded LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, July 4th. ValuEngine upgraded LifePoint Health from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. TheStreet lowered LifePoint Health from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th. Finally, BidaskClub lowered LifePoint Health from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.54.
Shares of LifePoint Health (NASDAQ:LPNT) traded down 1.98% during trading on Monday, reaching $48.30. The company had a trading volume of 399,960 shares. The firm has a 50-day moving average price of $56.48 and a 200-day moving average price of $60.50. LifePoint Health has a 52-week low of $47.00 and a 52-week high of $70.95. The company has a market capitalization of $1.94 billion, a P/E ratio of 10.82 and a beta of 0.84.
LifePoint Health (NASDAQ:LPNT) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business earned $0.94 EPS. LifePoint Health’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts predict that LifePoint Health will post $4.07 EPS for the current fiscal year.
LifePoint Health declared that its board has initiated a share buyback plan on Friday, October 27th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in LPNT. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in LifePoint Health by 10.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock valued at $113,000 after purchasing an additional 164 shares during the period. LS Investment Advisors LLC boosted its position in LifePoint Health by 43.7% during the 2nd quarter. LS Investment Advisors LLC now owns 1,785 shares of the company’s stock valued at $120,000 after purchasing an additional 543 shares during the period. US Bancorp DE boosted its position in LifePoint Health by 0.8% during the 2nd quarter. US Bancorp DE now owns 1,947 shares of the company’s stock valued at $130,000 after purchasing an additional 16 shares during the period. Shelton Capital Management acquired a new position in LifePoint Health during the 2nd quarter valued at approximately $205,000. Finally, Teacher Retirement System of Texas boosted its position in LifePoint Health by 0.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock valued at $216,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.
About LifePoint Health
LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.
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