LifePoint Hospitals Inc. (NASDAQ:LPNT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
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. “
A number of other equities research analysts have also recently commented on LPNT. Credit Suisse Group AG reiterated a “buy” rating on shares of LifePoint Hospitals in a report on Tuesday, June 28th. Mizuho cut their price target on shares of LifePoint Hospitals from $61.50 to $56.00 and set a “neutral” rating on the stock in a report on Monday, August 1st. Royal Bank Of Canada cut their price target on shares of LifePoint Hospitals from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, August 1st. Wedbush restated a “neutral” rating and set a $66.00 price objective (down previously from $80.00) on shares of LifePoint Hospitals in a research report on Monday, August 1st. Finally, RBC Capital Markets restated an “outperform” rating and set a $77.00 price objective (down previously from $84.00) on shares of LifePoint Hospitals in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. LifePoint Hospitals currently has a consensus rating of “Hold” and an average price target of $72.06.
Shares of LifePoint Hospitals (NASDAQ:LPNT) opened at 59.09 on Wednesday. LifePoint Hospitals has a 12 month low of $54.82 and a 12 month high of $76.39. The company’s 50-day moving average price is $57.62 and its 200-day moving average price is $64.03. The firm has a market cap of $2.52 billion, a P/E ratio of 19.68 and a beta of 0.89.
LifePoint Hospitals (NASDAQ:LPNT) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.19. LifePoint Hospitals had a net margin of 2.08% and a return on equity of 7.14%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, analysts predict that LifePoint Hospitals will post $3.51 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in LifePoint Hospitals by 1.6% in the second quarter. US Bancorp DE now owns 2,316 shares of the company’s stock worth $152,000 after buying an additional 37 shares in the last quarter. ProShare Advisors LLC boosted its position in LifePoint Hospitals by 0.9% in the second quarter. ProShare Advisors LLC now owns 5,180 shares of the company’s stock worth $339,000 after buying an additional 48 shares in the last quarter. Alpha Windward LLC boosted its position in LifePoint Hospitals by 0.8% in the second quarter. Alpha Windward LLC now owns 6,660 shares of the company’s stock worth $435,000 after buying an additional 50 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in LifePoint Hospitals by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,495 shares of the company’s stock worth $490,000 after buying an additional 53 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in LifePoint Hospitals by 1.2% in the second quarter. Whittier Trust Co. now owns 12,316 shares of the company’s stock worth $805,000 after buying an additional 149 shares in the last quarter. 97.10% of the stock is owned by hedge funds and other institutional investors.
LifePoint Hospitals Company Profile
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.
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