Tenet Healthcare Corp. (THC) Shares Up 4.1%
Tenet Healthcare Corp. (NYSE:THC) shares shot up 4.1% on Monday . The stock traded as high as $24.18 and last traded at $24.18, with a volume of 788,141 shares traded. The stock had previously closed at $23.22.
Several brokerages recently weighed in on THC. Morgan Stanley reiterated a “hold” rating on shares of Tenet Healthcare Corp. in a research report on Tuesday, May 3rd. Credit Suisse Group AG reiterated a “hold” rating and issued a $31.00 price objective on shares of Tenet Healthcare Corp. in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $36.00 price objective on shares of Tenet Healthcare Corp. in a research report on Thursday, May 5th. TheStreet upgraded Tenet Healthcare Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Mizuho cut Tenet Healthcare Corp. from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Wednesday, May 4th. Two 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 company currently has a consensus rating of “Hold” and a consensus price target of $33.86.
The firm’s 50 day moving average price is $27.50 and its 200-day moving average price is $28.27. The firm’s market cap is $2.37 billion.
Tenet Healthcare Corp. (NYSE:THC) last released its 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 business had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Tenet Healthcare Corp. will post $1.55 EPS for the current 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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