Tenet Healthcare Corp. Earnings Estimates Lowered at Credit Suisse (THC)
Research analysts at Credit Suisse decreased their earnings per share (EPS) estimates on shares of Tenet Healthcare Corp. (NYSE:THC) in a report released on Wednesday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the company’s shares.
Tenet Healthcare Corp. (NYSE:THC) traded up 1.21% on Wednesday, hitting $44.4625. 1,537,457 shares of the company’s stock traded hands. Tenet Healthcare Corp. has a 1-year low of $36.87 and a 1-year high of $49.47. The stock’s 50-day moving average is $45.8 and its 200-day moving average is $43.27. The company’s market cap is $4.383 billion.
Tenet Healthcare Corp. (NYSE:THC) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.87 billion. On average, analysts predict that Tenet Healthcare Corp. will post $2.49 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna downgraded shares of Tenet Healthcare Corp. to a “neutral” rating in a research note on Tuesday. Separately, analysts at CRT Capital downgraded shares of Tenet Healthcare Corp. from a “buy” rating to a “fair value” rating in a research note on Tuesday. They now have a $41.50 price target on the stock, down previously from $51.00. Finally, analysts at Leerink Swann raised their price target on shares of Tenet Healthcare Corp. from $107.00 to $130.00 in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Tenet Healthcare Corp. currently has an average rating of “Hold” and an average price target of $54.53.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.