Tenet Healthcare Corporation (NYSE:THC)‘s stock had its “buy” rating restated by Jefferies Group LLC in a research note issued on Thursday. They currently have a $24.00 price target on the stock. Jefferies Group LLC’s target price points to a potential upside of 54.14% from the company’s current price.
A number of other brokerages also recently commented on THC. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price objective on shares of Tenet Healthcare Corporation in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Tenet Healthcare Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Monday, July 10th. BidaskClub raised shares of Tenet Healthcare Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Deutsche Bank AG reaffirmed a “buy” rating and set a $24.00 price objective on shares of Tenet Healthcare Corporation in a research report on Friday, September 1st. Finally, ValuEngine downgraded shares of Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.43.
Tenet Healthcare Corporation (NYSE:THC) opened at 15.57 on Thursday. The firm’s market cap is $1.57 billion. The firm has a 50 day moving average of $15.97 and a 200-day moving average of $17.44. Tenet Healthcare Corporation has a one year low of $12.54 and a one year high of $24.13.
Tenet Healthcare Corporation (NYSE:THC) last released its quarterly earnings results on Monday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.17). Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The business had revenue of $14.80 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm’s revenue was up 204.1% compared to the same quarter last year. Equities research analysts forecast that Tenet Healthcare Corporation will post $0.82 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of THC. Bank of Montreal Can grew its position in Tenet Healthcare Corporation by 119.3% in the first quarter. Bank of Montreal Can now owns 12,667 shares of the company’s stock worth $223,000 after acquiring an additional 6,892 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Tenet Healthcare Corporation by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,200 shares of the company’s stock worth $358,000 after acquiring an additional 500 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Tenet Healthcare Corporation by 986.7% in the first quarter. Nisa Investment Advisors LLC now owns 16,300 shares of the company’s stock worth $289,000 after acquiring an additional 14,800 shares in the last quarter. Nationwide Fund Advisors grew its position in Tenet Healthcare Corporation by 0.7% in the first quarter. Nationwide Fund Advisors now owns 132,283 shares of the company’s stock worth $2,343,000 after acquiring an additional 968 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Tenet Healthcare Corporation by 1.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 27,911 shares of the company’s stock worth $494,000 after buying an additional 400 shares during the period.
About Tenet Healthcare Corporation
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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