Tenet Healthcare Corp Sets New 12-Month High at $60.94 (THC)
Shares of Tenet Healthcare Corp (NYSE:THC) reached a new 52-week high during mid-day trading on Tuesday , Analyst Ratings Net reports. The company traded as high as $60.94 and last traded at $60.52, with a volume of 737,885 shares trading hands. The stock had previously closed at $59.90.
A number of research firms have recently commented on THC. Analysts at Zacks upgraded shares of Tenet Healthcare Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $72.00 price target on the stock. Separately, 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. Finally, 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. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Tenet Healthcare Corp currently has a consensus rating of “Hold” and an average target price of $64.03.
The stock’s 50-day moving average is $52.91 and its 200-day moving average is $46.73. The company’s market cap is $5.929 billion.
Tenet Healthcare Corp (NYSE:THC) last released its 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. Analysts expect that Tenet Healthcare Corp will post $1.37 EPS for the current fiscal year.
In other Tenet Healthcare Corp news, CEO Trevor Fetter sold 33,642 shares of Tenet Healthcare Corp stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $60.01, for a total transaction of $2,018,856.42. The sale was disclosed in a filing 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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