LifePoint Hospitals Inc. (NASDAQ:LPNT) has earned a consensus recommendation of “Hold” from the twenty analysts that are presently covering the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $71.64.
LPNT has been the subject of a number of recent research reports. Credit Suisse Group AG restated a “buy” rating and issued a $64.00 price objective on shares of LifePoint Hospitals in a research note on Tuesday, August 30th. Citigroup Inc. restated a “buy” rating and issued a $68.00 price objective on shares of LifePoint Hospitals in a research note on Friday, September 30th. Zacks Investment Research upgraded shares of LifePoint Hospitals from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet cut shares of LifePoint Hospitals from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Finally, Mizuho lowered their target price 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.
Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of LifePoint Hospitals during the fourth quarter worth approximately $31,566,000. Virginia Retirement System bought a new stake in shares of LifePoint Hospitals during the first quarter worth approximately $845,000. TIAA CREF Investment Management LLC raised its stake in shares of LifePoint Hospitals by 22.4% in the first quarter. TIAA CREF Investment Management LLC now owns 681,170 shares of the company’s stock worth $47,171,000 after buying an additional 124,719 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of LifePoint Hospitals by 2.8% in the first quarter. Teachers Advisors Inc. now owns 186,097 shares of the company’s stock worth $12,887,000 after buying an additional 5,135 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of LifePoint Hospitals by 71.6% in the first quarter. Prudential Financial Inc. now owns 204,184 shares of the company’s stock worth $14,139,000 after buying an additional 85,200 shares in the last quarter. 97.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LifePoint Hospitals (NASDAQ:LPNT) opened at 58.71 on Monday. The company has a market capitalization of $2.51 billion, a P/E ratio of 19.55 and a beta of 0.89. LifePoint Hospitals has a 52-week low of $54.82 and a 52-week high of $76.39. The firm’s 50 day moving average is $57.69 and its 200-day moving average is $63.98.
LifePoint Hospitals (NASDAQ:LPNT) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.19. LifePoint Hospitals had a net margin of 2.08% and a return on equity of 7.14%. The business earned $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities research analysts anticipate that LifePoint Hospitals will post $3.51 earnings per share for the current fiscal year.
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.
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