Tenet Healthcare (THC) Earns Equal Weight Rating from Analysts at Stephens

Stephens initiated coverage on shares of Tenet Healthcare (NYSE:THC) in a research report issued on Monday, The Fly reports. The firm set an “equal weight” rating on the stock.

Several other research analysts have also commented on the stock. Robert W. Baird lowered shares of Tenet Healthcare from an “outperform” rating to a “neutral” rating in a research note on Monday, December 17th. Zacks Investment Research lowered shares of Tenet Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine lowered shares of Tenet Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Barclays restated a “hold” rating and set a $27.00 price target on shares of Tenet Healthcare in a research note on Wednesday, November 7th. Finally, Raymond James restated a “buy” rating and set a $37.00 price target on shares of Tenet Healthcare in a research note on Monday, December 3rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $31.44.

THC stock opened at $21.69 on Monday. Tenet Healthcare has a 12-month low of $15.40 and a 12-month high of $39.74. The company has a debt-to-equity ratio of 21.55, a current ratio of 1.06 and a quick ratio of 0.99. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 0.58 and a beta of 1.34.

Tenet Healthcare (NYSE:THC) last released its earnings results on Monday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. Tenet Healthcare had a negative net margin of 0.61% and a positive return on equity of 47.38%. The company had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the firm earned ($0.17) EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, research analysts expect that Tenet Healthcare will post 1.61 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Arizona State Retirement System grew its stake in Tenet Healthcare by 3.9% in the 3rd quarter. Arizona State Retirement System now owns 58,893 shares of the company’s stock valued at $1,676,000 after buying an additional 2,212 shares during the last quarter. United Services Automobile Association grew its position in Tenet Healthcare by 16.3% in the 3rd quarter. United Services Automobile Association now owns 15,884 shares of the company’s stock worth $452,000 after purchasing an additional 2,227 shares during the last quarter. Strs Ohio grew its position in Tenet Healthcare by 5.4% in the 3rd quarter. Strs Ohio now owns 44,700 shares of the company’s stock worth $1,272,000 after purchasing an additional 2,300 shares during the last quarter. Swiss National Bank grew its position in Tenet Healthcare by 1.4% in the 3rd quarter. Swiss National Bank now owns 178,000 shares of the company’s stock worth $5,066,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in Tenet Healthcare by 5.4% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 48,312 shares of the company’s stock worth $1,622,000 after purchasing an additional 2,470 shares during the last quarter.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation operates as a diversified healthcare services company. It operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. The company's general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

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Analyst Recommendations for Tenet Healthcare (NYSE:THC)

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