Ardent Health, Inc. (NYSE:ARDT) Given Consensus Recommendation of “Hold” by Brokerages

Ardent Health, Inc. (NYSE:ARDTGet Free Report) has earned an average rating of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.6667.

A number of analysts recently commented on ARDT shares. JPMorgan Chase & Co. lowered their price objective on Ardent Health from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ardent Health in a research report on Monday, December 29th. Guggenheim dropped their price target on shares of Ardent Health from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Leerink Partners set a $16.00 price objective on shares of Ardent Health in a report on Friday, November 14th. Finally, Wall Street Zen lowered shares of Ardent Health from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd.

Get Our Latest Analysis on ARDT

Ardent Health Price Performance

Shares of ARDT stock opened at $8.59 on Monday. The stock’s fifty day moving average is $9.18 and its 200-day moving average is $11.72. The stock has a market capitalization of $1.23 billion, a PE ratio of 5.92, a PEG ratio of 4.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.95 and a current ratio of 2.08. Ardent Health has a 52 week low of $8.28 and a 52 week high of $15.65.

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

Hedge Funds Weigh In On Ardent Health

Several institutional investors have recently modified their holdings of ARDT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ardent Health by 103.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,104 shares of the company’s stock valued at $194,000 after acquiring an additional 7,182 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Ardent Health by 1,684.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 767,862 shares of the company’s stock worth $10,558,000 after purchasing an additional 724,841 shares during the last quarter. Jane Street Group LLC increased its holdings in Ardent Health by 235.1% during the first quarter. Jane Street Group LLC now owns 57,468 shares of the company’s stock worth $790,000 after buying an additional 40,318 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Ardent Health by 574.9% during the 1st quarter. Acadian Asset Management LLC now owns 40,238 shares of the company’s stock worth $550,000 after purchasing an additional 34,276 shares during the last quarter. Finally, Strs Ohio bought a new stake in Ardent Health in the first quarter valued at approximately $494,000.

Key Stories Impacting Ardent Health

Here are the key news stories impacting Ardent Health this week:

Ardent Health Company Profile

(Get Free Report)

Ardent Health, listed on the New York Stock Exchange under the ticker ARDT, is a healthcare delivery company focused on acquiring, developing and managing acute care hospitals and complementary outpatient facilities across the United States. The company’s integrated platform encompasses both inpatient and outpatient services, designed to provide end-to-end care solutions and address the full continuum of patient needs.

Through its network, Ardent Health operates general hospitals, emergency departments, ambulatory surgery centers, urgent care clinics, rehabilitation and post-acute care facilities.

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Analyst Recommendations for Ardent Health (NYSE:ARDT)

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