Time To “Outperform” Lifepoint Hospitals (NASDAQ:LPNT), Credit Suisse Confirms


How Credit Suisse Currently Rates Lifepoint Hospitals (NASDAQ:LPNT)

In an analyst note shared with investors on Wednesday morning, research professionals at Credit Suisse initiated coverage on Lifepoint Hospitals (NASDAQ:LPNT) shares. The brokerage firm issued a key “Outperform” rating for LPNT stock.

From a total of 18 analysts covering Lifepoint Hospitals (NASDAQ:LPNT) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is $98 while the lowest target price is $74. The mean of all analyst targets is $83.06 with a 14.40% above today’s ($69.43) stock price. Lifepoint Hospitals was the topic of 12 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 3 with “Outperform” rating. Citigroup initiated LPNT stock in a recent report from October 2 with “Buy” rating. Finally, Cantor Fitzgerald maintained the stock with “Hold” rating in a report issued on an August 10.

Approximately 65,990 shares of stock traded hands. LifePoint Health Inc (NASDAQ:LPNT) has declined 4.90% since May 13, 2015 and is downtrending. It has underperformed by 2.28% the S&P500.

The overall sentiment of institutions has increased to 1.22 in Q2 2015. Its up 0.03, from 1.19 in 2015Q2. The ratio improved, as 31 institutions have sold all the shares of LifePoint Health Inc that they owned while 86 funds have taken shares off the table. 35 funds have purchased shares for the first time while 108 added to their positions. These institutions now hold 38.20 million shares or 4.53% less than the 40.02 million shares they owned in 2015Q2.

The Fund Healthinvest Partners Ab currently is holding shares equating to 13.27% of its total portfolio in LifePoint Health Inc representing a total of 316,430 shares. Another fund,Reservoir Operations L.P., is holding a total of 127,201 shares equating to 4.59% of their holdings. Additionally, Telemark Asset Management Llc has a 200,000 share stake in LifePoint Health Inc which represents 4.34% of their total portfolio. The Fund, Chubb Corp, based out of New Jersey, has also built up a stake in the stock, which represents a total of 1.55% of their total portfolio. Finally Smith Graham & Co. Investment Advisors Lp, a fund which is based in the state of Texas reported a total holdings of 120,230 shares.

LifePoint Health, Inc., formerly LifePoint Hospitals, Inc. provides healthcare services. The company has a market cap of $3.00 billion. Through its subsidiaries, the Company operates general acute care hospitals primarily in non-urban communities in the United States. It has 21.24 P/E ratio. The Company’s hospitals provide a range of medical and surgical services in hospitals in non-urban markets.

According to Zacks Investment Research, “LifePoint Hospitals, Inc. is engaged in the operation of general, acute care hospitals in non-urban communities. The company’s general, acute care hospitals usually provide the range of medical and surgical services commonly available in hospitals in non-urban markets. These hospitals also provide diagnostic and emergency services, as well as outpatient and ancillary services including outpatient surgery, laboratory, radiology, respiratory therapy and physical therapy.”