Mizuho reaffirmed their neutral rating on shares of Tenet Healthcare Corporation (NYSE:THC) in a research report sent to investors on Thursday morning. The brokerage currently has a $14.00 target price on the stock.

A number of other brokerages also recently commented on THC. Robert W. Baird reiterated a buy rating and issued a $23.00 target price on shares of Tenet Healthcare Corporation in a report on Thursday, August 24th. Citigroup Inc. reiterated a hold rating and issued a $16.00 target price on shares of Tenet Healthcare Corporation in a report on Thursday. Leerink Swann upgraded shares of Tenet Healthcare Corporation from a market perform rating to an outperform rating and set a $27.00 target price for the company in a report on Tuesday, June 6th. ValuEngine downgraded shares of Tenet Healthcare Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Tenet Healthcare Corporation from a strong sell rating to a sell rating in a report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Tenet Healthcare Corporation has an average rating of Hold and an average target price of $21.43.

Shares of Tenet Healthcare Corporation (NYSE THC) opened at 16.73 on Thursday. The stock has a 50 day moving average of $16.08 and a 200-day moving average of $17.53. The stock’s market capitalization is $1.69 billion. Tenet Healthcare Corporation has a 52-week low of $12.54 and a 52-week high of $24.13.

Tenet Healthcare Corporation (NYSE:THC) last released its quarterly earnings data on Monday, August 7th. The company reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). The firm had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $4.90 billion. Tenet Healthcare Corporation had a negative return on equity of 2.00% and a negative net margin of 0.97%. The firm’s quarterly revenue was up 204.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Analysts predict that Tenet Healthcare Corporation will post $0.82 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Managed Accounts LLC purchased a new stake in Tenet Healthcare Corporation in the first quarter valued at approximately $109,000. PNC Financial Services Group Inc. boosted its position in Tenet Healthcare Corporation by 52.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock valued at $117,000 after buying an additional 2,266 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Tenet Healthcare Corporation by 57.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock valued at $126,000 after buying an additional 2,590 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Tenet Healthcare Corporation by 67.3% in the second quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after buying an additional 3,161 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in Tenet Healthcare Corporation by 65.7% in the second quarter. Flinton Capital Management LLC now owns 7,888 shares of the company’s stock valued at $153,000 after buying an additional 3,128 shares during the last quarter.

About Tenet Healthcare Corporation

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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