News coverage about LifePoint Health (NASDAQ:LPNT) has trended positive on Saturday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LifePoint Health earned a coverage optimism score of 0.41 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.0142272943816 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research analysts have recently commented on LPNT shares. BidaskClub upgraded LifePoint Health from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded LifePoint Health from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Thursday, July 13th. Morgan Stanley initiated coverage on LifePoint Health in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $65.00 target price for the company. Barclays PLC upped their target price on LifePoint Health from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Finally, Leerink Swann upgraded LifePoint Health from a “market perform” rating to an “outperform” rating and upped their target price for the company from $73.00 to $74.00 in a research note on Tuesday, June 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $66.18.
Shares of LifePoint Health (LPNT) opened at 57.45 on Friday. The firm has a 50-day moving average price of $61.96 and a 200-day moving average price of $62.71. The company has a market capitalization of $2.30 billion, a PE ratio of 12.86 and a beta of 0.86. LifePoint Health has a 12 month low of $50.60 and a 12 month high of $70.95.
LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The business had revenue of $1.59 billion during 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 firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. On average, equities research analysts predict that LifePoint Health will post $4.07 EPS for the current year.
In other LifePoint Health news, Chairman William F. Carpenter III sold 17,653 shares of LifePoint Health stock in a transaction on Monday, July 17th. The stock was sold at an average price of $65.06, for a total value of $1,148,504.18. Following the completion of the transaction, the chairman now directly owns 439,841 shares of the company’s stock, valued at approximately $28,616,055.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman William F. Carpenter III sold 82,347 shares of LifePoint Health stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $64.15, for a total value of $5,282,560.05. Following the completion of the transaction, the chairman now directly owns 504,535 shares of the company’s stock, valued at $32,365,920.25. The disclosure for this sale can be found here. 7.28% of the stock is owned by insiders.
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LifePoint Health Company Profile
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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