Barclays Thinks Kindred Healthcare’s Stock is Going to Recover

By Jason Carr

In a report released today, Joshua Raskin from Barclays reiterated a Buy rating on Kindred Healthcare (NYSE: KND), with a price target of $17. The company’s shares opened today at $5.75, close to its 52-week low of $5.70.

According to, Raskin is a 4-star analyst with an average return of 5.5% and a 60.0% success rate. Raskin covers the Healthcare sector, focusing on stocks such as WellCare Health Plans, Surgery Partners Inc, and Envision Healthcare.

Kindred Healthcare has an analyst consensus of Hold, with a price target consensus of $14.

The company has a one year high of $15.66 and a one year low of $5.70. Currently, Kindred Healthcare has an average volume of 819.4K.

Based on the recent corporate insider activity of 75 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 KND in relation to earlier this year. Earlier this month, Paul Diaz, a Director at KND bought 50,000 shares for a total of $626,500.

Kindred Healthcare, Inc. is a healthcare services company. It provides post-acute care services. The company operates through its subsidiaries, transitional care hospitals, inpatient rehabilitation hospitals, nursing and rehabilitation centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the U.S. It operates through four operating divisions: Hospital, Nursing center, Rehabilitation and Home Health & Hospice. The Hospital division operates TC hospitals and IRF’s. The Nursing Center division operates nursing and rehabilitation centers and assisted living facilities. The Rehabilitation division provides rehabilitation services primarily in hospitals and long-term care settings. The Home Health & Hospice division provides home health, hospice and private duty services to patients in a variety of settings, including homes, skilled nursing facilities and other residential settings. The company’s four operating divisions represents five reportable operating segments, including Hospitals, Skilled Nursing and Rehabilitation Centers, Skilled Nursing Rehabilitation Services, Hospital Rehabilitation Services and Home Health & Hospice Services. Kindred Healthcare was founded on March 27, 1998, and is headquartered in Louisville, KY.