Deutsche Cuts Price Target on Lifepoint Holdings (LPNT), Lower Than Expected Volumes
Tweet Send to a FriendGet Alerts LPNT Hot Sheet
Price: $48.11 +0.04%
Rating Summary:
6 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
6 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade LPNT Now!
Deutsche Bank is reiterating its Buy rating on shares of Lifepoint Holdings (NASDAQ: LPNT), but is reducing its price target from $50 to $46.50.
Due to softer volumes and tougher macro conditions, the firm is lowering is estimates and assumptions in the hospital industry. As a result, Deutshce is cutting its 2011 and 2012 EPS estimates from $3.20 and $3.73 to $3.15 and $3.53. The company's 2011 guidance calls for EPS of $2.80-$3.15.
The firm is also cutting its 2012 revenue estimate by 1.5 percent to go inline with its lower volume assumption. Deutsche forecasts that margins will remain relatively flat. The firm's new estimates include the acquisitions of Maria Parham Medical Center and Person Memorial Hospital.
An analyst at Deutsche comments, "Over the near-term, we believe trading volatility in the hospital sector may persist due to ongoing discussions about Medicare provider cuts in the debt ceiling debate."
For more ratings news on Lifepoint Holdings click here and for the rating history of Lifepoint Holdings click here.
Shares of Lifepoint Holdings closed at $34.10 yesterday, with a 52 week range of $28.95-$43.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Due to softer volumes and tougher macro conditions, the firm is lowering is estimates and assumptions in the hospital industry. As a result, Deutshce is cutting its 2011 and 2012 EPS estimates from $3.20 and $3.73 to $3.15 and $3.53. The company's 2011 guidance calls for EPS of $2.80-$3.15.
The firm is also cutting its 2012 revenue estimate by 1.5 percent to go inline with its lower volume assumption. Deutsche forecasts that margins will remain relatively flat. The firm's new estimates include the acquisitions of Maria Parham Medical Center and Person Memorial Hospital.
An analyst at Deutsche comments, "Over the near-term, we believe trading volatility in the hospital sector may persist due to ongoing discussions about Medicare provider cuts in the debt ceiling debate."
For more ratings news on Lifepoint Holdings click here and for the rating history of Lifepoint Holdings click here.
Shares of Lifepoint Holdings closed at $34.10 yesterday, with a 52 week range of $28.95-$43.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Janney Capital Boosts PT on Gap (GPS) Post Q1
- TD Securities Downgrades Nordion Inc (NDZ) to Reduce
- UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Deutsche Bank
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
