Tenet Healthcare Corp’s (THC) Neutral Rating Reaffirmed at Mizuho
A number of other brokerages have also recently commented on THC. Royal Bank of Canada restated a hold rating and issued a $25.00 price target on shares of Tenet Healthcare Corp in a research report on Friday, March 3rd. Citigroup Inc decreased their price target on Tenet Healthcare Corp from $22.00 to $20.00 and set a neutral rating on the stock in a research report on Monday, March 6th. Deutsche Bank AG started coverage on Tenet Healthcare Corp in a research note on Tuesday, April 4th. They issued a buy rating and a $28.00 price objective on the stock. Jefferies Group LLC reaffirmed a buy rating and issued a $28.00 price objective on shares of Tenet Healthcare Corp in a research note on Thursday, April 13th. Finally, Piper Jaffray Companies started coverage on Tenet Healthcare Corp in a research note on Tuesday, January 3rd. They issued a neutral rating and a $16.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $25.08.
Tenet Healthcare Corp (NYSE:THC) opened at 17.32 on Friday. Tenet Healthcare Corp has a 52-week low of $14.06 and a 52-week high of $31.84. The stock has a 50 day moving average of $16.95 and a 200-day moving average of $17.32. The company’s market capitalization is $1.74 billion.
Tenet Healthcare Corp (NYSE:THC) last issued its quarterly earnings results on Monday, May 1st. The company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.25. Tenet Healthcare Corp had a positive return on equity of 12.75% and a negative net margin of 1.04%. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the business earned $0.45 earnings per share. Tenet Healthcare Corp’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts forecast that Tenet Healthcare Corp will post $1.19 earnings per share for the current year.
WARNING: This piece of content was reported by Marea Informative and is owned by of Marea Informative. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at http://www.mareainformativa.com/tenet-healthcare-corp-thc-stock-rating-reaffirmed-by-mizuho/111833/.
Large investors have recently modified their holdings of the company. Guggenheim Capital LLC increased its stake in shares of Tenet Healthcare Corp by 57.4% in the fourth quarter. Guggenheim Capital LLC now owns 137,431 shares of the company’s stock worth $2,040,000 after buying an additional 50,135 shares during the last quarter. Three Peaks Capital Management LLC acquired a new stake in shares of Tenet Healthcare Corp during the third quarter worth $5,117,000. BlackRock Group LTD increased its stake in shares of Tenet Healthcare Corp by 71.8% in the third quarter. BlackRock Group LTD now owns 1,877,045 shares of the company’s stock worth $42,533,000 after buying an additional 784,764 shares during the last quarter. Huber Capital Management LLC increased its stake in shares of Tenet Healthcare Corp by 10.4% in the third quarter. Huber Capital Management LLC now owns 616,360 shares of the company’s stock worth $13,967,000 after buying an additional 58,100 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Tenet Healthcare Corp by 3.8% in the third quarter. California Public Employees Retirement System now owns 618,410 shares of the company’s stock worth $14,013,000 after buying an additional 22,400 shares during the last quarter.
About Tenet Healthcare Corp
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.
Receive News & Stock Ratings for Tenet Healthcare Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare Corp and related stocks with our FREE daily email newsletter.