UBS Maintains Kindred Healthcare to Neutral with Price Target $12.50

Brokerage firm UBS Maintains its rating on Kindred Healthcare(NYSE:KND). In a research note issued to the investors, the brokerage major Lowers the price-target to $12.50 per share. The shares have been rated Neutral. The rating by UBS was issued on Aug 9, 2016.

Kindred Healthcare (KND) shares turned negative on Wednesdays trading session with the shares closing down -0.34 points or -3.15% at a volume of 11,26,117. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.82. The peak price level was also seen at $10.82 while the days lowest was $10.2. Finally the shares closed at $10.47. The 52-week high of the shares is $22.435 while the 52-week low is $7.955. According to the latest information available, the market cap of the company is $893 M.

Kindred Healthcare(KND) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.84B. Analysts had an estimated revenue of $1.85B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Jun 29, 2016, John Joseph Lucchese (SVP & Chief Accounting Officer) sold 4,341 shares at $11.39 per share price.Also, 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.

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