Tenet Healthcare Corporation (NYSE:THC)‘s stock had its “neutral” rating reissued by analysts at Citigroup Inc. in a note issued to investors on Thursday. They presently have a $16.00 target price on the stock, down from their previous target price of $20.00. Citigroup Inc.’s price target suggests a potential upside of 18.26% from the stock’s previous close.

THC has been the subject of a number of other reports. ValuEngine lowered shares of Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Credit Suisse Group raised their price objective on shares of Tenet Healthcare Corporation from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, May 5th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price objective on shares of Tenet Healthcare Corporation in a research report on Thursday, April 13th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 price objective on shares of Tenet Healthcare Corporation in a research report on Tuesday, July 18th. Finally, Mizuho restated a “neutral” rating and issued a $18.00 price objective on shares of Tenet Healthcare Corporation in a research report on Sunday, April 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $22.93.

Tenet Healthcare Corporation (NYSE THC) opened at 13.53 on Thursday. Tenet Healthcare Corporation has a 12 month low of $13.31 and a 12 month high of $26.58. The stock has a 50 day moving average of $18.46 and a 200 day moving average of $18.10. The firm’s market capitalization is $1.36 billion. Tenet Healthcare Corporation also saw some unusual options trading activity on Monday. Stock traders bought 14,690 put options on the company. This represents an increase of 974% compared to the typical volume of 1,368 put options.

Tenet Healthcare Corporation (NYSE:THC) last released its quarterly earnings data on Monday, August 7th. The company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The company had revenue of $14.80 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business earned $0.38 earnings per share. Tenet Healthcare Corporation’s revenue was up 204.1% compared to the same quarter last year. On average, equities analysts predict that Tenet Healthcare Corporation will post $1.12 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Tenet Healthcare Corporation by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,737 shares of the company’s stock valued at $227,000 after buying an additional 73 shares during the period. Meeder Asset Management Inc. increased its position in Tenet Healthcare Corporation by 0.3% in the second quarter. Meeder Asset Management Inc. now owns 51,741 shares of the company’s stock valued at $1,001,000 after buying an additional 175 shares during the period. Advantus Capital Management Inc increased its position in Tenet Healthcare Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 10,223 shares of the company’s stock valued at $181,000 after buying an additional 317 shares during the period. State Treasurer State of Michigan increased its position in Tenet Healthcare Corporation by 1.3% in the first quarter. State Treasurer State of Michigan now owns 32,400 shares of the company’s stock valued at $574,000 after buying an additional 400 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Tenet Healthcare Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 27,911 shares of the company’s stock valued at $494,000 after buying an additional 400 shares during the period.

Tenet Healthcare Corporation Company Profile

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.

Analyst Recommendations for Tenet Healthcare Corporation (NYSE:THC)

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