According to Zacks, “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. “
Several other research analysts have also recently commented on LPNT. Raymond James Financial Inc. upgraded LifePoint Hospitals from a market perform rating to an outperform rating in a research note on Wednesday, June 1st. Barclays PLC cut their price target on LifePoint Hospitals from $75.00 to $74.00 and set an underweight rating on the stock in a research note on Wednesday, June 1st. Royal Bank Of Canada lowered their price objective on LifePoint Hospitals from $84.00 to $77.00 and set an outperform rating for the company in a report on Monday, August 1st. Citigroup Inc. boosted their price objective on LifePoint Hospitals from $75.00 to $82.00 and gave the company a buy rating in a report on Monday, June 6th. Finally, TheStreet lowered LifePoint Hospitals from a buy rating to a hold rating in a report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. LifePoint Hospitals has an average rating of Hold and an average price target of $72.88.
LifePoint Hospitals (NASDAQ:LPNT) opened at 58.91 on Wednesday. The company has a market capitalization of $2.51 billion, a P/E ratio of 19.62 and a beta of 0.82. The firm has a 50-day moving average price of $57.38 and a 200 day moving average price of $64.29. LifePoint Hospitals has a 1-year low of $54.82 and a 1-year high of $76.39.
LifePoint Hospitals (NASDAQ:LPNT) last released its quarterly earnings results on Friday, July 29th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.19. LifePoint Hospitals had a return on equity of 7.14% and a net margin of 2.08%. The business earned $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $1.00 EPS. The company’s revenue was up 25.3% compared to the same quarter last year. On average, equities analysts predict that LifePoint Hospitals will post $3.51 EPS for the current year.
Institutional investors have recently modified their holdings of the company. State Street Corp increased its stake in LifePoint Hospitals by 3.8% in the first quarter. State Street Corp now owns 1,245,127 shares of the company’s stock worth $86,231,000 after buying an additional 45,899 shares during the period. Wellington Management Group LLP increased its stake in LifePoint Hospitals by 24.2% in the first quarter. Wellington Management Group LLP now owns 2,638,750 shares of the company’s stock worth $182,734,000 after buying an additional 514,947 shares during the period. Renaissance Technologies LLC increased its stake in LifePoint Hospitals by 116.1% in the first quarter. Renaissance Technologies LLC now owns 187,630 shares of the company’s stock worth $12,993,000 after buying an additional 100,800 shares during the period. Geode Capital Management LLC increased its stake in LifePoint Hospitals by 1.9% in the first quarter. Geode Capital Management LLC now owns 299,299 shares of the company’s stock worth $20,726,000 after buying an additional 5,723 shares during the period. Finally, Invictus RG increased its stake in LifePoint Hospitals by 6,625.0% in the first quarter. Invictus RG now owns 4,304 shares of the company’s stock worth $298,000 after buying an additional 4,240 shares during the period. Institutional investors and hedge funds own 97.10% of the company’s stock.
About LifePoint Hospitals
LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LifePoint Hospitals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LifePoint Hospitals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.