Tenet Healthcare Corp. (NYSE:THC)’s share price fell 3.5% on Wednesday . The stock traded as low as $24.19 and last traded at $24.29, with a volume of 1,351,937 shares trading hands. The stock had previously closed at $25.16.

Several research firms have weighed in on THC. Citigroup Inc. cut their target price on Tenet Healthcare Corp. from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, August 4th. Zacks Investment Research lowered Tenet Healthcare Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Morgan Stanley restated a “hold” rating and set a $38.00 target price on shares of Tenet Healthcare Corp. in a report on Tuesday, August 2nd. Mizuho restated a “neutral” rating and set a $28.00 target price (down from $33.00) on shares of Tenet Healthcare Corp. in a report on Tuesday, August 2nd. Finally, Jefferies Group restated a “buy” rating on shares of Tenet Healthcare Corp. in a report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. Tenet Healthcare Corp. has a consensus rating of “Hold” and a consensus target price of $33.50.

The company’s market cap is $2.42 billion. The firm’s 50 day moving average price is $28.61 and its 200-day moving average price is $28.36.

Tenet Healthcare Corp. (NYSE:THC) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.38 EPS for the quarter, missing the 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 quarter in the previous year, the business earned $0.75 earnings per share. Tenet Healthcare Corp.’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that Tenet Healthcare Corp. will post $1.55 EPS for the current fiscal year.

A hedge fund recently raised its stake in Tenet Healthcare Corp. stock. Eaton Vance Management raised its position in Tenet Healthcare Corp. (NYSE:THC) by 43.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,009 shares of the company’s stock after buying an additional 14,193 shares during the period. Eaton Vance Management’s holdings in Tenet Healthcare Corp. were worth $1,424,000 at the end of the most recent quarter.

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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