Tenet Healthcare Corp CFO Unloads $699,112 in Stock (THC)
Tenet Healthcare Corp (NYSE:THC) CFO Daniel J. Cancelmi sold 12,291 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $56.88, for a total transaction of $699,112.08. Following the completion of the sale, the chief financial officer now directly owns 74,849 shares of the company’s stock, valued at approximately $4,257,411. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.11.
Tenet Healthcare Corp (NYSE:THC) traded up 0.26% during mid-day trading on Tuesday, hitting $56.98. The stock had a trading volume of 974,814 shares. Tenet Healthcare Corp has a 52 week low of $36.87 and a 52 week high of $58.03. The stock has a 50-day moving average of $49.93 and a 200-day moving average of $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) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter 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.
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