LHC Group was Downgraded to a Hold Rating at RBC Capital

By Carrie Williams

LHC Group (NASDAQ: LHCG) received a Hold rating and a $58 price target from RBC Capital analyst Frank Morgan today. The company’s shares closed yesterday at $48.43, close to its 52-week high of $50.95.

According to TipRanks.com, Morgan is a 5-star analyst with an average return of 10.2% and a 65.6% success rate. Morgan covers the Healthcare sector, focusing on stocks such as Fresenius Medical Care Corp, Quest Diagnostics Inc, and Surgery Partners Inc.

LHC Group has an analyst consensus of Strong Buy, with a price target consensus of $54.50.

LHC Group’s market cap is currently $852.5M and has a P/E ratio of 23.40. The company has a book value ratio of 2.1572.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2016, Keith Myers, the CEO & Chairman of LHCG sold 31,139 shares for a total of $1,367,331.

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.

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 three segments: Home Health Services, Hospice Services, Community-Based Services and Facility-Based Services. 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 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. LHC Group was founded by Keith G. Myers in September 1994 and is headquartered in Lafayette, LA.