Market Overview

UPDATE: Deutsche Bank Lowers PT on LHC Group on Good Q4 Results

Related LHCG
Worst Performing Industries For May 10, 2016
Earnings Scheduled For March 2, 2016 Daily Round Up 5/27/16: TEP, CETV, FLKS, EHTH (Seeking Alpha)

In a report published Friday, Deutsche Bank reiterated its Buy rating on LHC Group (NASDAQ: LHCG), but slightly lowered its price target from $23.50 to $23.00.

Deutsche Bank noted, “Reiterate Buy: LHCG is a contrarian small cap value idea. Q4 results beat expectations and were underpinned by solid organic census growth in home-based segment (home health and hospice), in-line facilities segment performance and overall good cost control. While 2013 guidance fell short of consensus, we believe the impact of the Addus integration is a key factor in the outlook. We also note our previous model included accretive M&A and share buy back for 2013, thus making the comparison to LHCG's guidance format less relevant. We are trimming 2013 EPS to exclude buyback and reflect the Addus deal, but our 2014 EPS still points to very strong growth. We maintain Buy rating on compelling/contrarian value; PT $23 (from $23.50).”

LHC Group closed on Thursday at $21.24.

Latest Ratings for LHCG

Feb 2016SunTrust Robinson HumphreyMaintainsNeutral
Feb 2016JefferiesInitiates Coverage onBuy
Sep 2015Wells FargoInitiates Coverage onOutperform

View More Analyst Ratings for LHCG
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (LHCG)

View Comments and Join the Discussion!