Kindred Healthcare (KND) was Reiterated by Mizuho to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 13.50 from a previous price target of $9 . Mizuho advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Kindred Healthcare. Shares were Reiterated by RBC Capital Mkts on Mar 7, 2016 to “Outperform” and Lowered the Price Target to $ 16 from a previous price target of $19 .Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 17 from a previous price target of $20 .
On the company’s financial health, Kindred Healthcare reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.22. The company had revenue of $1837.90 million for the quarter, compared to analysts expectations of $1831.86 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Kindred Healthcare closed down -0.07 points or -0.48% at $14.49 with 10,90,569 shares getting traded on Wednesday. Post opening the session at $14.48, the shares hit an intraday low of $14.38 and an intraday high of $14.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 12, 2015, Paul J Diaz (director) purchased 50,000 shares at $12.53 per share price. According to the SEC, on Aug 31, 2015, Benjamin A Breier (President & CEO) sold 5,400 shares at $20.57 per share price. On Aug 24, 2015, Jon B Rousseau (EVP, President, KRS) sold 7,700 shares at $21.36 per share price, according to the Form-4 filing with the securities and exchange commission.
Kindred Healthcare Inc. is a healthcare services company that through its subsidiaries operates transitional care (TC) 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 operates through five segments: hospitals nursing centers skilled nursing rehabilitation services (SRS) hospital rehabilitation services (HRS) and home health and hospice services. The Company’s hospital division provides long-term acute care services to medically complex patients. The Company’s nursing center division operates through 90 nursing centers and seven assisted living facilities in 18 states. Its rehabilitation division provided rehabilitation services primarily in hospitals and long-term care settings. Its care management division primarily provided home health hospice and private duty services from 143 locations in 13 states.