LHC Group Inc.’s stock (LHCG) continues to rise above its goal

LHC Group Inc. [LHCG] stock prices are up down -1.43% to $161.72 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LHCG shares have lost -0.85% over the last week, with a monthly amount glided 2.07%, and seem to be holding up well over a long-time horizon.

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On 3, August 2022, LHC Group announces second quarter 2022 financial results. In a post published today on Yahoo Finance, LHC Group, Inc. (NASDAQ: LHCG) announced its financial results for the quarter ended June 30, 2022.

From an analyst’s perspective:

LHC Group Inc. [NASDAQ: LHCG] stock has seen the most recent analyst activity on April 04, 2022, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $170 from $172. Previously, Cowen downgraded its rating to Market Perform on October 26, 2021, and dropped its price target to $150. On September 27, 2021, SVB Leerink initiated with a Mkt Perform rating. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $170 on September 24, 2021. Cowen initiated its recommendation with a Outperform and recommended $209 as its price target on September 10, 2021. Barclays downgraded its rating to Equal Weight for this stock on August 12, 2021, and downed its price target to $207. In a note dated January 25, 2021, Credit Suisse initiated an Outperform rating and iterated a target price of $255 on this stock.

The stock price of LHC Group Inc. [LHCG] has been fluctuating between $108.42 and $216.65 over the past year. Currently, Wall Street analysts expect the stock to reach $170.00 within the next 12 months. LHC Group Inc. [NASDAQ: LHCG] shares were valued at $161.72 at the most recent close of the market. An investor can expect a potential return of 5.12% based on the average price forecast.

Analyzing the LHCG fundamentals

The most recent quarter, LHC Group Inc. [NASDAQ:LHCG] reported sales of 571.5 billion, representing a surge of 8.90%. Gross Margin for this corporation currently stands at +37.15% with Operating Margin at +8.89%, Pretax Margin comes in at +8.17%, and Net Margin reading is +5.21%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 160.60 points at the first support level, and at 159.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.30, and for the 2nd resistance point, it is at 164.88.

LHC Group Inc. [LHCG] reported earnings per share of $1.09 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.05/share, meaning a difference of $0.04 and a surprise factor of 3.80%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $1.26 per share as compared to estimates of $1.32 per share, a difference of $-0.06 representing a surprise of -4.50%.

Ratios To Look Out For

It’s worth pointing out that LHC Group Inc. [NASDAQ:LHCG]’s Current Ratio is 1.40. As well, the Quick Ratio is 1.06, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.94, the price to book ratio is 2.68 and the P/E (TTM) ratio is 50.38.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 1 selling 96 shares in the past 3 months. Recent insider trading involved Gachassin Nicholas III, EVP, General Counsel, that happened on Dec 16 when 800.0 shares were sold.