Tenet Healthcare Corp. (THC) Trading Up 4.1%
Tenet Healthcare Corp. (NYSE:THC)’s share price was up 4.1% during mid-day trading on Monday . The company traded as high as $24.18 and last traded at $24.18, with a volume of 788,141 shares. The stock had previously closed at $23.22.
THC has been the topic of several research reports. Credit Suisse Group AG restated a “hold” rating and issued a $31.00 target price on shares of Tenet Healthcare Corp. in a research report on Tuesday, May 3rd. Morgan Stanley restated a “hold” rating on shares of Tenet Healthcare Corp. in a research report on Tuesday, May 3rd. Bank of America Corp. restated a “buy” rating on shares of Tenet Healthcare Corp. in a research report on Tuesday, May 3rd. Leerink Swann restated a “hold” rating on shares of Tenet Healthcare Corp. in a research report on Monday, May 2nd. Finally, Mizuho downgraded Tenet Healthcare Corp. from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Wednesday, May 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.86.
The stock’s market capitalization is $2.39 billion. The firm’s 50 day moving average price is $27.79 and its 200 day moving average price is $28.21.
Tenet Healthcare Corp. (NYSE:THC) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.14. The firm earned $4.87 billion during the quarter, compared to analyst estimates of $4.82 billion. Tenet Healthcare Corp.’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. Equities analysts predict that Tenet Healthcare Corp. will post $1.55 EPS for the current fiscal year.
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 operates through three segments: Hospital Operations and other, Ambulatory Care and Conifer.
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