LifePoint Health Receives a Rating Update from a Top Analyst


In a report released today, Michael Wiederhorn from Oppenheimer maintained a Hold rating on LifePoint Health (NASDAQ: LPNT). The company’s shares opened today at $51.90.

Wiederhorn commented:

“LPNT reported Q1:18 adj. EPS of $1.22 (GAAP: ($0.22)) vs. OPCO/Street of $1.13. Adjusted results exclude $72.7M, or $1.44, related to impairment losses on three Louisiana hospitals it plans to sell. Top-line trends remained stable, with rev- per-adjusted admission (+3.2%), adjusted) offsetting the adj. admissions pressure (-2.2%). Although adj. EBITDA of $188.5M was roughly in line with OPCO/Street of $189.5M/$188.1M, a drop-off in D&A drove the beat vs. our model. LPNT maintained FY2018 EPS guidance of $4.00-4.53 or adj. EBITDA guidance of $725-765M. Following the quarter, we are updating our FY2018/2019 EPS estimates to $4.32/ $4.61 from $4.30/$4.57.”

According to TipRanks.com, Wiederhorn is a top 100 analyst with an average return of 14.6% and a 70.7% success rate. Wiederhorn covers the Services sector, focusing on stocks such as Cross Country Healthcare, Addus Homecare Corp, and Envision Healthcare.

Currently, the analyst consensus on LifePoint Health is Moderate Buy and the average price target is $51.11, representing a -1.5% downside.

In a report released today, Cantor Fitzgerald also maintained a Hold rating on the stock with a $45 price target.

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The company has a one-year high of $67.95 and a one-year low of $41.45. Currently, LifePoint Health has an average volume of 533.1K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LPNT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

LifePoint Health, Inc. acts through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities. It also provides a broad range of general and specialized healthcare services. The company was founded on May 11, 1999 and is headquartered in Brentwood, TN.

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