LifePoint Health, Inc. (LPNT) Research Coverage Started at BMO Capital Markets
BMO Capital Markets initiated coverage on shares of LifePoint Health, Inc. (NASDAQ:LPNT) in a research report released on Monday morning. The firm issued a market perform rating and a $59.00 price objective on the stock.
Several other equities analysts have also issued reports on the company. Zacks Investment Research raised LifePoint Health from a sell rating to a hold rating in a research note on Monday, August 21st. TheStreet lowered LifePoint Health from a b- rating to a c+ rating in a research note on Wednesday, August 16th. BidaskClub raised LifePoint Health from a hold rating to a buy rating in a research note on Friday, June 30th. ValuEngine lowered LifePoint Health from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. set a $60.00 price target on LifePoint Health and gave the company a hold rating in a research note on Thursday, October 12th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $65.54.
Shares of LifePoint Health (LPNT) traded up 1.07% during midday trading on Monday, hitting $56.70. 56,482 shares of the company were exchanged. The firm has a market cap of $2.27 billion, a P/E ratio of 12.70 and a beta of 0.84. LifePoint Health has a one year low of $50.60 and a one year high of $70.95. The company’s 50 day moving average price is $56.53 and its 200 day moving average price is $60.86.
LifePoint Health (NASDAQ:LPNT) last announced its earnings results on Tuesday, August 1st. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.64 billion. LifePoint Health had a return on equity of 7.40% and a net margin of 2.61%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. Equities analysts expect that LifePoint Health will post $4.07 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its stake in LifePoint Health by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock valued at $216,000 after buying an additional 9 shares during the period. US Bancorp DE lifted its stake in LifePoint Health by 0.8% in the second quarter. US Bancorp DE now owns 1,947 shares of the company’s stock valued at $130,000 after buying an additional 16 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in LifePoint Health by 1.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,891 shares of the company’s stock valued at $396,000 after buying an additional 56 shares during the period. Meeder Asset Management Inc. lifted its stake in LifePoint Health by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 13,547 shares of the company’s stock valued at $909,000 after buying an additional 76 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in LifePoint Health by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock valued at $113,000 after buying an additional 164 shares during the period. 99.53% of the stock is currently owned by hedge funds and other institutional investors.
About LifePoint Health
LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.
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