Kindred Healthcare was Downgraded to a Hold Rating at RBC Capital

By Carrie Williams

Kindred Healthcare (NYSE: KND) received a Hold rating and a $9 price target from RBC Capital analyst Frank Morgan today. The company’s shares closed yesterday at $6.40, close to its 52-week low of $5.65.

According to, Morgan is a 4-star analyst with an average return of 4.7% and a 55.7% success rate. Morgan covers the Healthcare sector, focusing on stocks such as Fresenius Medical Care Corp., Envision Healthcare, and Genesis Healthcare.

Currently, the analyst consensus on Kindred Healthcare is Hold and the average price target is $9.67, representing a 51.1% upside.

In a report issued on November 8, Mizuho Securities also reiterated a Hold rating on the stock with a $7 price target.

The company has a one year high of $15.66 and a one year low of $5.65. Currently, Kindred Healthcare has an average volume of 1.02M.

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.