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 nineteen analysts that are covering the company, Analyst Ratings Net reports. Ten equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $63.46.
Tenet Healthcare Corp (NYSE:THC) opened at 60.59 on Tuesday. Tenet Healthcare Corp has a 52 week low of $36.87 and a 52 week high of $60.91. The stock has a 50-day moving average of $52.71 and a 200-day moving average of $46.58. The company’s market cap is $5.933 billion.
Tenet Healthcare Corp (NYSE:THC) last issued its quarterly earnings data 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 $1.39 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on THC shares. Analysts at RBC Capital raised their price target on shares of Tenet Healthcare Corp from $43.00 to $62.00 in a research note on Thursday, August 14th. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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.
In other Tenet Healthcare Corp news, CEO Trevor Fetter sold 33,642 shares of Tenet Healthcare Corp stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $60.01, for a total transaction of $2,018,856.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Tenet Healthcare Corporation (NYSE:THC) along with its subsidiaries, is an investor-owned health care services company.
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