Ardent Health, Inc. (NYSE:ARDT) Receives Average Recommendation of “Hold” from Analysts

Ardent Health, Inc. (NYSE:ARDT) has been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.00.

Several brokerages have recently issued reports on ARDT. Stephens reduced their price target on shares of Ardent Health from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Royal Bank Of Canada cut their target price on shares of Ardent Health from $21.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Bank of America decreased their price target on shares of Ardent Health from $12.00 to $10.00 and set an “underperform” rating for the company in a research report on Thursday, November 13th. UBS Group assumed coverage on Ardent Health in a research report on Wednesday, September 10th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Ardent Health from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th.

Hedge Funds Weigh In On Ardent Health

Several hedge funds and other institutional investors have recently made changes to their positions in ARDT. Ameriprise Financial Inc. grew its position in shares of Ardent Health by 8.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,769,335 shares of the company’s stock valued at $23,444,000 after buying an additional 134,513 shares during the last quarter. Vanguard Group Inc. lifted its position in Ardent Health by 44.5% in the third quarter. Vanguard Group Inc. now owns 1,352,676 shares of the company’s stock valued at $17,923,000 after acquiring an additional 416,348 shares during the last quarter. Millennium Management LLC boosted its stake in Ardent Health by 6.6% in the third quarter. Millennium Management LLC now owns 1,269,605 shares of the company’s stock valued at $16,822,000 after acquiring an additional 78,861 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Ardent Health by 1.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 828,611 shares of the company’s stock worth $11,377,000 after purchasing an additional 11,429 shares during the last quarter. Finally, SageView Advisory Group LLC increased its position in shares of Ardent Health by 367.2% during the second quarter. SageView Advisory Group LLC now owns 790,663 shares of the company’s stock worth $10,800,000 after purchasing an additional 621,430 shares in the last quarter.

Ardent Health Trading Down 3.0%

ARDT opened at $8.78 on Friday. Ardent Health has a 52 week low of $8.28 and a 52 week high of $17.34. The company has a quick ratio of 1.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $12.95 and a 200-day simple moving average of $13.00. The firm has a market cap of $1.26 billion, a P/E ratio of 6.06, a P/E/G ratio of 7.23 and a beta of 0.44.

Ardent Health (NYSE:ARDT) last posted its earnings results on Wednesday, November 12th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. Ardent Health had a return on equity of 19.02% and a net margin of 3.24%.The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. Ardent Health has set its FY 2025 guidance at 0.850-1.030 EPS. On average, equities analysts expect that Ardent Health will post 1.23 earnings per share for the current year.

About Ardent Health

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.