LHC Group (NASDAQ:LHCG) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $4.35-4.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.33. The company issued revenue guidance of $2.09-2.14, compared to the consensus revenue estimate of $2.10 billion.
LHCG has been the subject of several recent analyst reports. Zacks Investment Research raised LHC Group from a hold rating to a buy rating and set a $124.00 target price for the company in a research note on Thursday, September 19th. UBS Group raised their target price on LHC Group from $133.00 to $136.00 and gave the stock a buy rating in a research note on Monday, September 23rd. Barclays raised their target price on LHC Group from $113.00 to $120.00 and gave the stock an equal weight rating in a research note on Friday, August 9th. Stephens started coverage on LHC Group in a research note on Monday, October 21st. They issued an overweight rating and a $132.00 price objective for the company. Finally, ValuEngine cut LHC Group from a buy rating to a hold rating in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. LHC Group currently has an average rating of Buy and a consensus price target of $130.18.
LHC Group stock traded up $0.92 during mid-day trading on Friday, reaching $126.35. The stock had a trading volume of 25,340 shares, compared to its average volume of 214,061. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.59 and a current ratio of 1.59. LHC Group has a fifty-two week low of $88.18 and a fifty-two week high of $136.67. The stock’s 50-day simple moving average is $114.92 and its 200-day simple moving average is $117.27. The firm has a market capitalization of $3.91 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79.
About LHC Group
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 the following business segments: Home Health Services, Hospice Services, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.
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