Tenet Healthcare Corporation (NYSE:THC)‘s stock had its “neutral” rating reiterated by equities research analysts at Mizuho in a research report issued to clients and investors on Thursday. They currently have a $14.00 price target on the stock. Mizuho’s target price would suggest a potential downside of 18.46% from the stock’s previous close.

A number of other brokerages have also issued reports on THC. ValuEngine lowered shares of Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Wells Fargo & Company raised shares of Tenet Healthcare Corporation from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Tuesday, June 6th. Morgan Stanley assumed coverage on shares of Tenet Healthcare Corporation in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Leerink Swann upgraded shares of Tenet Healthcare Corporation from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research report on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Tenet Healthcare Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.43.

Shares of Tenet Healthcare Corporation (THC) traded up 5.73% during mid-day trading on Thursday, hitting $17.17. The stock had a trading volume of 9,705,890 shares. The stock’s market cap is $1.73 billion. Tenet Healthcare Corporation has a 12-month low of $12.54 and a 12-month high of $24.13. The company’s 50 day moving average price is $16.26 and its 200 day moving average price is $17.58.

Tenet Healthcare Corporation (NYSE:THC) last posted its earnings results on Monday, August 7th. The company reported ($0.17) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). The business had revenue of $14.80 billion for the quarter, compared to analyst estimates of $4.90 billion. Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The business’s quarterly revenue was up 204.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Equities research analysts predict that Tenet Healthcare Corporation will post $0.82 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Harris Associates L P lifted its stake in shares of Tenet Healthcare Corporation by 1.4% in the 2nd quarter. Harris Associates L P now owns 7,733,435 shares of the company’s stock worth $149,565,000 after acquiring an additional 108,070 shares during the period. Vanguard Group Inc. lifted its stake in shares of Tenet Healthcare Corporation by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 6,995,269 shares of the company’s stock worth $135,289,000 after acquiring an additional 407,910 shares during the period. Franklin Resources Inc. lifted its stake in shares of Tenet Healthcare Corporation by 25.0% in the 2nd quarter. Franklin Resources Inc. now owns 5,000,000 shares of the company’s stock worth $96,700,000 after acquiring an additional 1,000,000 shares during the period. FMR LLC lifted its stake in shares of Tenet Healthcare Corporation by 36.9% in the 2nd quarter. FMR LLC now owns 3,724,713 shares of the company’s stock worth $72,036,000 after acquiring an additional 1,004,700 shares during the period. Finally, State Street Corp lifted its stake in shares of Tenet Healthcare Corporation by 25.4% in the 2nd quarter. State Street Corp now owns 2,926,533 shares of the company’s stock worth $56,603,000 after acquiring an additional 593,520 shares during the period.

Tenet Healthcare Corporation Company Profile

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

Analyst Recommendations for Tenet Healthcare Corporation (NYSE:THC)

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