LHC Group, Inc. (NASDAQ:LHCG) Receives $163.50 Average Price Target from Analysts

Shares of LHC Group, Inc. (NASDAQ:LHCGGet Rating) have earned an average rating of “Hold” from the fourteen analysts that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $163.38.

Several equities analysts recently weighed in on the stock. Truist Financial cut shares of LHC Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 31st. Stephens cut LHC Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 30th. Zacks Investment Research raised LHC Group from a “strong sell” rating to a “hold” rating and set a $136.00 price target for the company in a research note on Monday, December 20th. Benchmark downgraded LHC Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Finally, Royal Bank of Canada downgraded LHC Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $172.00 to $170.00 in a research report on Monday, April 4th.

Several large investors have recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC lifted its stake in shares of LHC Group by 0.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 14,879 shares of the health services provider’s stock worth $2,335,000 after buying an additional 80 shares during the period. Nordea Investment Management AB increased its holdings in shares of LHC Group by 0.4% in the first quarter. Nordea Investment Management AB now owns 21,923 shares of the health services provider’s stock valued at $3,700,000 after purchasing an additional 83 shares during the period. CIBC Asset Management Inc raised its stake in shares of LHC Group by 7.3% in the third quarter. CIBC Asset Management Inc now owns 1,290 shares of the health services provider’s stock worth $202,000 after purchasing an additional 88 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of LHC Group by 0.4% during the fourth quarter. Amalgamated Bank now owns 22,366 shares of the health services provider’s stock worth $3,069,000 after purchasing an additional 88 shares during the period. Finally, State of Michigan Retirement System boosted its position in LHC Group by 1.3% in the fourth quarter. State of Michigan Retirement System now owns 8,056 shares of the health services provider’s stock valued at $1,106,000 after buying an additional 100 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of LHC Group stock opened at $167.35 on Friday. The stock has a market capitalization of $5.30 billion, a P/E ratio of 45.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a 50-day simple moving average of $142.93. LHC Group has a 52 week low of $108.42 and a 52 week high of $223.63.

LHC Group (NASDAQ:LHCGGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The health services provider reported $1.26 EPS for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.06). LHC Group had a return on equity of 10.72% and a net margin of 5.21%. The business had revenue of $583.40 million during the quarter, compared to analysts’ expectations of $582.44 million. During the same period in the prior year, the firm posted $1.40 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts forecast that LHC Group will post 5.76 earnings per share for the current year.

LHC Group Company Profile (Get Rating)

LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. It operates through five segments: Home Health Services, Hospice Services, Home and Community-Based Services, Facility-Based Services, and Healthcare Innovations (HCI).

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Analyst Recommendations for LHC Group (NASDAQ:LHCG)

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