Shares of Tenet Healthcare Co. (NYSE:THC – Get Free Report) have earned an average rating of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $100.38.
A number of equities analysts recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $104.00 target price on shares of Tenet Healthcare in a research note on Wednesday, April 10th. Royal Bank of Canada increased their target price on shares of Tenet Healthcare from $97.00 to $109.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Wells Fargo & Company increased their price target on shares of Tenet Healthcare from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tenet Healthcare from $100.00 to $126.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, TheStreet upgraded shares of Tenet Healthcare from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th.
Get Our Latest Research Report on THC
Insider Activity
Institutional Trading of Tenet Healthcare
A number of hedge funds and other institutional investors have recently made changes to their positions in THC. US Bancorp DE raised its position in shares of Tenet Healthcare by 14.6% during the 1st quarter. US Bancorp DE now owns 1,428 shares of the company’s stock worth $123,000 after buying an additional 182 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Tenet Healthcare in the 1st quarter worth approximately $219,000. Natixis Advisors L.P. bought a new stake in shares of Tenet Healthcare in the 1st quarter worth approximately $1,651,000. APG Asset Management N.V. bought a new stake in shares of Tenet Healthcare in the 1st quarter worth approximately $1,769,000. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Tenet Healthcare by 13.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 63,273 shares of the company’s stock worth $5,604,000 after purchasing an additional 7,365 shares in the last quarter. 95.44% of the stock is currently owned by institutional investors.
Tenet Healthcare Trading Down 5.2 %
Shares of Tenet Healthcare stock opened at $91.05 on Friday. The stock has a market cap of $9.03 billion, a P/E ratio of 15.95, a P/E/G ratio of 3.15 and a beta of 2.08. The company has a debt-to-equity ratio of 4.77, a current ratio of 1.51 and a quick ratio of 1.42. The stock’s 50 day simple moving average is $97.37 and its 200-day simple moving average is $79.00. Tenet Healthcare has a 1-year low of $51.04 and a 1-year high of $107.80.
Tenet Healthcare (NYSE:THC – Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $1.10. Tenet Healthcare had a return on equity of 26.34% and a net margin of 2.97%. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the company earned $1.96 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Tenet Healthcare will post 6.3 EPS for the current fiscal year.
Tenet Healthcare Company Profile
Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.
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