Tenet Healthcare Corp. Price Target Increased to $65.00 by Analysts at Deutsche Bank (THC)
Stock analysts at Deutsche Bank hoisted their price target on shares of Tenet Healthcare Corp. (NYSE:THC) from $55.00 to $65.00 in a report issued on Monday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 41.00% from the stock’s previous close.
Shares of Tenet Healthcare Corp. (NYSE:THC) traded up 0.09% on Monday, hitting $46.14. 544,156 shares of the company’s stock traded hands. Tenet Healthcare Corp. has a one year low of $22.86 and a one year high of $49.47. The stock has a 50-day moving average of $40. and a 200-day moving average of $43.49. The company’s market cap is $4.688 billion.
Tenet Healthcare Corp. (NYSE:THC) last announced its earnings results on Tuesday, August 6th. The company reported ($0.49) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Tenet Healthcare Corp. 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. 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. in a research note to investors on Wednesday, August 7th. They now have a $45.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $47.67.
In other Tenet Healthcare Corp. news, Director John Ellis Bush sold 16,582 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $45.10, for a total value of $747,848.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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