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Monday, October 15, 2012

Potential Takeover Candidate? (NASDAQ: LPNT)

Shares of LPNT traded higher by 0.27% or $0.11/share to $41.50. NASDAQ is trading at a price to book ratio of 0.98. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.34. The price to sales ratio came in at 0.54. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 207643 shares of LPNT exchange hands on a given day and today's volume is recorded at 274237. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

LifePoint Hospitals, Inc. (LifePoint), through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States.