Oppenheimer Believes LHC Group (LHCG) Won’t Stop Here


Oppenheimer analyst Michael Wiederhorn maintained a Buy rating on LHC Group (LHCG) on October 30. The company’s shares closed last Wednesday at $219.32, close to its 52-week high of $236.81.

According to TipRanks.com, Wiederhorn is a top 100 analyst with an average return of 23.2% and a 77.1% success rate. Wiederhorn covers the Healthcare sector, focusing on stocks such as Community Health, The Ensign Group, and HCA Healthcare.

LHC Group has an analyst consensus of Strong Buy, with a price target consensus of $256.20, which is a 20.4% upside from current levels. In a report issued on November 6, Barclays also maintained a Buy rating on the stock with a $256.00 price target.

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Based on LHC Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $531 million and net profit of $14.5 million. In comparison, last year the company earned revenue of $528 million and had a net profit of $30.07 million.

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LHC Group, Inc. provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations. The Home Health segment offers a wide range of services, including skilled nursing, private duty nursing, physical, occupational and speech therapy, medically-oriented social services and hospice care. The Hospice Services segment offer a wide range of services, including pain and symptom management, emotional and spiritual support, inpatient and respite care, homemaker services, and counseling. The Home & Community-Based Services segment are performed by paraprofessional personnel, and include assistance to the elderly, chronically ill, and disabled patients with activities of daily living. The Facility Based Services segment includes long-term acute care hospitals treats patients with severe medical conditions who require a high-level of care and frequent monitoring by physicians and other clinical personnel by operating an institutional pharmacy, which focuses on providing a full array of services to long term acute care hospitals. The Healthcare Innovations segment reports on developmental activities outside its other business segments, which provides primary medical care for patients with chronic and acute illnesses who have difficulty traveling to a doctor’s office. LHC Group was founded by Keith G. Myers in September 1994 and is headquartered in Lafayette, LA.

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