Tenet Healthcare Corp Stock Rating Lowered by Mizuho (THC)
Tenet Healthcare Corp (NYSE:THC) was downgraded by research analysts at Mizuho to a “buy” rating in a report released on Tuesday. They currently have a $64.00 price objective on the stock, up from their previous price objective of $59.00. Mizuho’s target price indicates a potential upside of 14.00% from the company’s current price.
A number of other analysts have also recently weighed in on THC. Analysts at Jefferies Group raised their price target on shares of Tenet Healthcare Corp from $48.00 to $63.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at S&P Equity Research downgraded shares of Tenet Healthcare Corp to a “hold” rating in a research note on Friday, June 13th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tenet Healthcare Corp in a research note on Tuesday, June 3rd. They now have a $57.00 price target on the stock, up previously from $52.00. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $58.61.
In other Tenet Healthcare Corp news, CEO Trevor Fetter sold 41,000 shares of Tenet Healthcare Corp stock on the open market in a transaction dated Friday, July 25th. The stock was sold at an average price of $51.34, for a total transaction of $2,104,940.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Tenet Healthcare Corp (NYSE:THC) traded up 1.48% on Tuesday, hitting $56.97. 2,795,568 shares of the company’s stock traded hands. Tenet Healthcare Corp has a one year low of $36.87 and a one year high of $58.03. The stock’s 50-day moving average is $49.19 and its 200-day moving average is $45.54. The company’s market cap is $5.578 billion.
Tenet Healthcare Corp (NYSE:THC) last announced its earnings results on Monday, August 4th. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.28. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the company posted $0.66 earnings per share. Tenet Healthcare Corp’s revenue was up 66.9% compared to the same quarter last year. On average, analysts predict that Tenet Healthcare Corp will post $1.34 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.
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.