Kindred Healthcare (KND) was Reiterated by Mizuho to “Neutral” while Lowering the Price Target of the company shares to $ 11 from a previous price target of $13.50 . Mizuho advised their investors in a research report released on Jul 6, 2016.
Many Wall Street Analysts have commented on Kindred Healthcare. Company shares were Reiterated by Mizuho on May 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 13.50 from a previous price target of $9 .
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 opened for trading at $11.25 and hit $11.79 on the upside on Friday, eventually ending the session at $11.71, with a gain of 3.72% or 0.42 points. The heightened volatility saw the trading volume jump to 7,07,785 shares. Company has a market cap of $997 M.
In a different news, on Jun 29, 2016, John Joseph Lucchese (SVP & Chief Accounting Officer) sold 4,341 shares at $11.39 per share price. According to the SEC, on Nov 12, 2015, Paul J Diaz (director) purchased 50,000 shares at $12.53 per share price. On Aug 31, 2015, Benjamin A Breier (President & CEO) sold 5,400 shares at $20.57 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.