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Tuesday, November 24, 2020

LHC Group Inc. (NASDAQ:LHCG) Stock is Soaring, Here is Why

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LHC Group Inc. (LHCG) shares are trading at higher $203.53 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $223.80.

To add more color to this target, the company’s high over the last year is $214.97 and the low is $100.00. Over the last 52 weeks, LHCG is down -5.32% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LHCG reported a profit of $180.61 million. LHC Group Inc. also saw revenues increase to $487.32 million. In addition, LHCG has free cash flow of $394.93 million as of 06-2020. The company’s EBITDA came in at $92.84 million which compares well with its peers.

LHCG booked profit margins of 5.80%, its Return on Equity (ROE) is 8.30%, and its Return on Assets is 5.40%. All told, it is clear that, LHCG needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LHCG has a short ratio of 3.80 and outstanding shares of 31.10M.

Company Outlook

LHCG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.28 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.79. LHC Group Inc. LHCG also noted assets of $2.36 billion at the end of the last quarter. Investors should also keep an eye on sector updates as LHCG has historically followed its peers on positive news.

All told, LHC Group Inc. LHCG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LHCG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

LHC Group Inc. LHCG is now commanding a market cap of 6.40B and a float of 30.02M. LHCG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LHCG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LHCG, either long or short, and we have not been compensated for this article.

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