LifePoint Health (LPNT) : The highest level LifePoint Health (LPNT) is projected to reach is $88 for the short term and the lowest estimate is at $55. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $67.42 and the possibility the share price can swing is $9.29.
LifePoint Health (LPNT) : 15 analysts are covering LifePoint Health (LPNT) and their average rating on the stock is 2.73, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. LifePoint Health (LPNT) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, In a research note released to the investors, Raymond James maintains its rating on LifePoint Health (NASDAQ:LPNT).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Raymond James lowers the new price target from $75 per share to $65 per share. The rating by the firm was issued on August 2, 2016.
LifePoint Health (NASDAQ:LPNT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.60 and $55.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.62, notching a gain of 0.04% for the day. The total traded volume was 578,832 . The stock had closed at $56.60 on the previous day.
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 Companys 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 8,254 licensed beds.