Analysis: Kindred Healthcare Inc (NYSE:KND) Target Change Today
In an analyst research report revealed to investors by RBC Capital Markets on Friday, 4 December, the firm, Kindred Healthcare Inc (NYSE:KND), had their price target cut to $19.00. Analusts currently have a solid Outperform rating on the stock.
From a total of 8 analysts covering Kindred Healthcare Inc. (NYSE:KND) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is $20 while the lowest target price is $12. The mean of all analyst targets is $16.47 with a 40.51% above today’s ($13.06) stock price. Kindred Healthcare Inc. was the topic of 9 analyst reports since September 2, 2015 according to the firm StockzIntelligence Inc. Mizuho maintained shares on November 11 with “Neutral” rating. Barclays Capital maintained KND stock in a recent report from November 6 with “Overweight” rating.
The stock decreased 1.17% or $0.15 on December 4, striking $13.06. Approximately shares of stock traded hands. Kindred Healthcare, Inc. (NYSE:KND) has declined 46.39% since May 4, 2015 and is downtrending. It has underperformed by 45.31% the S&P500.
Kindred Healthcare, Inc. is a healthcare services firm that through its subsidiaries operates transitional care hospitals, inpatient rehabilitation hospitals (IRFs), nursing centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States. The company has a market cap of $1.09 billion. The Firm operates through five divisions: hospitals, nursing centers, skilled nursing rehabilitation services (SRS), hospital rehabilitation services (HRS) and home health and hospice services. It currently has negative earnings. The Company’s hospital division provides long-term acute care services to medically complex patients.
According to Zacks Investment Research, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business.” Get a free copy of the Zacks research report on Kindred Healthcare, Inc. (KND).