Tenet Healthcare Corp. Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:THC)
Shares of Tenet Healthcare Corp. (NYSE:THC) have earned an average rating of “Hold” from the twenty-three analysts that are presently covering the stock, American Banking & Market News reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $54.15.
Tenet Healthcare Corp. (NYSE:THC) traded up 1.84% during mid-day trading on Wednesday, hitting $44.74. The stock had a trading volume of 964,757 shares. Tenet Healthcare Corp. has a one year low of $36.87 and a one year high of $49.47. The stock has a 50-day moving average of $45.8 and a 200-day moving average of $43.27. The company’s market cap is $4.411 billion.
Tenet Healthcare Corp. (NYSE:THC) last released its earnings data on Monday, February 24th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Tenet Healthcare Corp. will post $2.49 EPS for the current fiscal year.
A number of analysts have recently weighed in on THC shares. 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.
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.