Ardent Health, Inc. (NYSE:ARDT) Receives $14.67 Average Target Price from Analysts

Ardent Health, Inc. (NYSE:ARDT) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.6667.

ARDT has been the subject of several analyst reports. Guggenheim lowered their price objective on Ardent Health from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. JPMorgan Chase & Co. decreased their target price on Ardent Health from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ardent Health in a report on Monday, December 22nd. Morgan Stanley reissued an “equal weight” rating and set a $12.00 price objective (down previously from $22.00) on shares of Ardent Health in a report on Friday, November 14th. Finally, Mizuho reduced their price objective on shares of Ardent Health from $20.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th.

Institutional Investors Weigh In On Ardent Health

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oliver Luxxe Assets LLC grew its holdings in shares of Ardent Health by 1.5% during the second quarter. Oliver Luxxe Assets LLC now owns 87,639 shares of the company’s stock worth $1,197,000 after purchasing an additional 1,319 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Ardent Health by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 286,848 shares of the company’s stock valued at $3,918,000 after purchasing an additional 1,769 shares during the period. CWM LLC boosted its position in shares of Ardent Health by 990.6% in the 2nd quarter. CWM LLC now owns 2,203 shares of the company’s stock valued at $30,000 after purchasing an additional 2,001 shares during the period. The Manufacturers Life Insurance Company grew its stake in Ardent Health by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,530 shares of the company’s stock worth $376,000 after buying an additional 2,110 shares during the last quarter. Finally, Strs Ohio increased its position in Ardent Health by 6.3% during the third quarter. Strs Ohio now owns 42,400 shares of the company’s stock worth $562,000 after buying an additional 2,500 shares during the period.

Ardent Health Trading Up 2.9%

Shares of NYSE:ARDT opened at $9.23 on Thursday. Ardent Health has a 52 week low of $8.28 and a 52 week high of $17.34. The company’s 50 day moving average is $10.94 and its two-hundred day moving average is $12.19. The company has a market cap of $1.32 billion, a PE ratio of 6.37, a P/E/G ratio of 7.59 and a beta of 0.77. The company has a current ratio of 2.08, a quick ratio of 1.95 and a debt-to-equity ratio of 0.67.

Ardent Health (NYSE:ARDT) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations 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 analysts predict that Ardent Health will post 1.23 earnings per share for the current fiscal year.

Ardent Health Company Profile

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.