Royal Bank Of Canada Trims LifePoint Health, Inc. (LPNT) Target Price to $65.00

LifePoint Health, Inc. (NASDAQ:LPNT) had its price target trimmed by Royal Bank Of Canada to $65.00 in a research note published on Monday. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the stock. Raymond James Financial, Inc. reissued a market perform rating on shares of LifePoint Health in a report on Monday. Robert W. Baird set a $55.00 price target on shares of LifePoint Health and gave the company a buy rating in a report on Monday. KeyCorp reissued a hold rating on shares of LifePoint Health in a report on Sunday. Mizuho set a $50.00 price target on shares of LifePoint Health and gave the company a hold rating in a report on Friday, October 27th. Finally, BMO Capital Markets assumed coverage on shares of LifePoint Health in a report on Monday, October 16th. They set a market perform rating and a $59.00 price target for the company. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $60.57.

LifePoint Health (NASDAQ:LPNT) last announced its quarterly earnings results on Friday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.15). LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the firm posted $0.94 EPS. The business’s revenue was down .7% compared to the same quarter last year.

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LifePoint Health announced that its Board of Directors has authorized a share repurchase plan on Friday, October 27th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its stake in shares of LifePoint Health by 0.3% during the second 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 in the last quarter. US Bancorp DE raised its stake in shares of LifePoint Health by 0.8% during the second quarter. US Bancorp DE now owns 1,947 shares of the company’s stock valued at $130,000 after purchasing an additional 16 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of LifePoint Health by 1.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,891 shares of the company’s stock valued at $396,000 after purchasing an additional 56 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of LifePoint Health by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 13,547 shares of the company’s stock valued at $909,000 after purchasing an additional 76 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of LifePoint Health by 10.8% during the second 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 in the last quarter. 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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