LHC Group, Inc. (LHCG) Receives $76.80 Average Price Target from Analysts

Shares of LHC Group, Inc. (NASDAQ:LHCG) have been assigned an average rating of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $76.80.

Several research firms have commented on LHCG. BidaskClub raised shares of LHC Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Zacks Investment Research raised shares of LHC Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Stephens set a $74.00 target price on shares of LHC Group and gave the stock a “buy” rating in a research report on Friday, March 2nd. Craig Hallum increased their target price on shares of LHC Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, April 4th. Finally, Jefferies Group reissued a “buy” rating and set a $84.00 target price on shares of LHC Group in a research report on Wednesday, April 4th.

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In other LHC Group news, COO Donald Dwayne Stelly sold 14,216 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $64.00, for a total transaction of $909,824.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.80% of the stock is owned by corporate insiders.



A number of hedge funds have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in LHC Group by 558.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 200,000 shares of the health services provider’s stock valued at $12,250,000 after acquiring an additional 169,620 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of LHC Group in the fourth quarter valued at about $251,000. MetLife Investment Advisors LLC bought a new stake in shares of LHC Group in the fourth quarter valued at about $419,000. Iguana Healthcare Management LLC bought a new stake in shares of LHC Group in the fourth quarter valued at about $919,000. Finally, Vident Investment Advisory LLC lifted its stake in shares of LHC Group by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 36,756 shares of the health services provider’s stock valued at $2,251,000 after buying an additional 2,244 shares during the period. Institutional investors own 89.91% of the company’s stock.

Shares of NASDAQ LHCG traded up $0.49 during mid-day trading on Wednesday, reaching $71.05. The company had a trading volume of 70,133 shares, compared to its average volume of 295,600. LHC Group has a twelve month low of $51.38 and a twelve month high of $76.14. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1,290.20, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70.

LHC Group (NASDAQ:LHCG) last posted its earnings results on Wednesday, February 28th. The health services provider reported $0.62 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. The firm had revenue of $292.40 million for the quarter, compared to the consensus estimate of $280.82 million. LHC Group had a net margin of 4.67% and a return on equity of 9.18%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. analysts predict that LHC Group will post 3.5 EPS for the current year.

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LHC Group Company Profile

LHC Group, Inc, a health care provider, specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the United States. The company operates through four segments: Home Health Services, Hospice Services, Community-Based Services, and Facility-Based Services. The Home Health Services segment offers home nursing services, including wound care and dressing changes, cardiac rehabilitation, infusion therapy, pain management, pharmaceutical administration, skilled observation and assessment, and patient education; medically-oriented social services; and physical, occupational, and speech therapy services.

Analyst Recommendations for LHC Group (NASDAQ:LHCG)

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