Insider Selling: R. Scott Ramsey Sells 2,083 Shares of Tenet Healthcare Corp Stock (THC)
Tenet Healthcare Corp (NYSE:THC) Insider R. Scott Ramsey sold 2,083 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $56.27, for a total transaction of $117,210.41. Following the completion of the transaction, the insider now directly owns 3,619 shares in the company, valued at approximately $203,641. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
THC has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tenet Healthcare Corp in a research note on Wednesday, August 6th. They now have a $66.00 price target on the stock, up previously from $52.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Tenet Healthcare Corp in a research note on Wednesday, August 6th. They now have a $63.00 price target on the stock, up previously from $51.00. Finally, analysts at Barclays raised their price target on shares of Tenet Healthcare Corp from $52.00 to $66.00 in a research note on Wednesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $62.11.
Tenet Healthcare Corp (NYSE:THC) traded up 0.26% during mid-day trading on Tuesday, hitting $56.98. 974,814 shares of the company’s stock traded hands. Tenet Healthcare Corp has a 52 week low of $36.87 and a 52 week high of $58.03. The stock’s 50-day moving average is $49.93 and its 200-day moving average is $45.78. The company’s market cap is $5.579 billion.
Tenet Healthcare Corp (NYSE:THC) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 66.9% on a year-over-year basis. On average, analysts predict that Tenet Healthcare Corp will post $1.40 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.