Citigroup Maintains LifePoint Health Inc to Buy with Price Target $82.00

Brokerage firm Citigroup Maintains its rating on LifePoint Health Inc(NASDAQ:LPNT). In a research note issued to the investors, the brokerage major Raises the price-target to $82.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 6, 2016.

LifePoint Health Inc (LPNT) shares turned negative on Fridays trading session with the shares closing down -1.3 points or -1.84% at a volume of 3,15,685. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $70. The peak price level was also seen at $70 while the days lowest was $68.79. Finally the shares closed at $69.29. The 52-week high of the shares is $88.18 while the 52-week low is $58.2. According to the latest information available, the market cap of the company is $3,008 M.

LifePoint Health Inc(LPNT) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.58B. Analysts had an estimated revenue of $1.57B. Earnings per share were $0.87. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, John E Jr D D S Maupin (director) sold 3,800 shares at $67.32 per share price.Also, On Feb 19, 2016, Gregory T. Bier (director) sold 2,149 shares at $63.00 per share price.On Aug 7, 2015, Leif M. Murphy (EVP, CFO and CDO) sold 334 shares at $86.03 per share price, according to the Form-4 filing with the securities and exchange commission.

LifePoint Health Inc. formerly LifePoint Hospitals Inc. provides healthcare services. Through its subsidiaries the Company operates general acute care hospitals primarily in non-urban communities in the United States. Its hospitals provide a range of medical and surgical services in hospitals in non-urban markets. The Company’s services include general surgery internal medicine obstetrics emergency room care radiology oncology diagnostic care coronary care rehabilitation services and pediatric services. In some of its hospitals the Company offers services such as open-heart surgery skilled nursing psychiatric care and neuro-surgery. LifePoint provides outpatient services such as same-day surgery laboratory x-ray respiratory therapy imaging sports medicine and lithotripsy. The Company operates approximately 67 hospital campuses in 21 states having a total of approximately 8254 licensed beds.

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