Why Kindred Healthcare, Inc. (NYSE:KND) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.50 on Kindred Healthcare, Inc. (NYSE:KND) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.90 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Kindred Healthcare, Inc. (NYSE:KND) stands at 13.88.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Kindred Healthcare, Inc. Common, the PEG ratio for coming 3-5 years is 1.49.

Technical Analysis

The technical analysis highlights that Kindred Healthcare, Inc. Common current is trading $-0.60 points away or -5.33% from its 50-day moving average of $11.34. Further it is trading $-1.07 or -9.08% away its 200-day moving average of $11.81.

The 52-week high of Kindred Healthcare, Inc. (NYSE:KND) was $20.11 while lowest point recorded in 52-week was $7.96. It implies if stock price makes a movement of over $-9.37, it will record a new 52-week high. In the case of +34.92% drop, it will touch a new 52-week low.

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