Tenet Healthcare Corp. Director John Ellis Bush Sells 8,291 Shares (THC)
Tenet Healthcare Corp. (NYSE:THC) Director John Ellis Bush unloaded 8,291 shares of the stock on the open market in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.90, for a total transaction of $355,683.90. Following the completion of the transaction, the director now directly owns 36,913 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Tenet Healthcare Corp. (NYSE:THC) from $52.00 to $47.00 in a research note to investors on Monday, August 12th. They now have a “sector perform” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Tenet Healthcare Corp. (NYSE:THC) from $52.00 to $50.00 in a research note to investors on Wednesday, August 7th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Tenet Healthcare Corp. (NYSE:THC) in a research note to investors on Wednesday, August 7th. They now have a $45.00 price target on the stock.
Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Tenet Healthcare Corp. presently has a consensus rating of “Buy” and an average price target of $45.03.
Shares of Tenet Healthcare Corp. (NYSE:THC) traded down 1.73% during mid-day trading on Friday, hitting $42.03. 2,244,863 shares of the company’s stock traded hands. Tenet Healthcare Corp. has a 52 week low of $22.86 and a 52 week high of $49.47. The stock has a 50-day moving average of $40.61 and a 200-day moving average of $43.55. The company’s market cap is $4.271 billion.
Tenet Healthcare Corp. (NYSE:THC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.49) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $1.24. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company posted $0.10 earnings per share. Tenet Healthcare Corp.’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Tenet Healthcare Corp. will post $2.25 earnings per share for the current fiscal year.
Tenet Healthcare Corporation (NYSE:THC), along with its subsidiaries, is an investor-owned health care services company whose subsidiaries and affiliates primarily operated 49 hospitals, 117 outpatient centers and Conifer Health Solutions (Conifer), which provides business process solutions to more than 600 hospital and other clients nationwide.
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