News articles about Tenet Healthcare Corp (NYSE:THC) have trended somewhat negative on Saturday, according to AlphaOne Sentiment Analysis. AlphaOne, a unit of Accern, rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tenet Healthcare Corp earned a daily sentiment score of -0.01 on AlphaOne’s scale. AlphaOne also gave news coverage about the company an impact score of 89 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s scoring:
- Baylor hospitals in Garland and at White Rock Lake negotiating with buyer (dallasnews.com)
- Tenet Healthcare Corp (THC) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Tenet Healthcare Corp. breached its 50 day moving average in a Bearish Manner : THC-US : May 18, 2017 (finance.yahoo.com)
- Tenet to Participate in the UBS Global Healthcare Conference on May 22, 2017 (finance.yahoo.com)
- Ex-Tenet Exec Wants Indictment In Immigrant Scam Tossed (law360.com)
THC has been the topic of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Tenet Healthcare Corp in a research report on Thursday, April 13th. Deutsche Bank AG initiated coverage on Tenet Healthcare Corp in a research report on Tuesday, April 4th. They set a “buy” rating and a $28.00 target price on the stock. Zacks Investment Research raised Tenet Healthcare Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank of Canada restated a “hold” rating and set a $25.00 price target on shares of Tenet Healthcare Corp in a research note on Friday, March 3rd. Finally, Leerink Swann restated a “market perform” rating and set a $22.00 price target on shares of Tenet Healthcare Corp in a research note on Tuesday, January 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $25.08.
Tenet Healthcare Corp (NYSE:THC) opened at 17.56 on Friday. The company’s market cap is $1.77 billion. Tenet Healthcare Corp has a 52-week low of $14.06 and a 52-week high of $31.84. The company has a 50-day moving average of $16.97 and a 200 day moving average of $17.34.
Tenet Healthcare Corp (NYSE:THC) last posted its quarterly earnings data on Monday, May 1st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.52) by $0.25. Tenet Healthcare Corp had a negative net margin of 1.04% and a positive return on equity of 12.75%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Tenet Healthcare Corp’s quarterly revenue was down 4.6% on a year-over-year basis. Equities research analysts predict that Tenet Healthcare Corp will post $1.19 EPS for the current year.
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Tenet Healthcare Corp 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.
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