Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Tenet Healthcare Corporation (THC) Share Price
Media stories about Tenet Healthcare Corporation (NYSE:THC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tenet Healthcare Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.1542916085544 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- MACD Oscillator Analysis for Tenet Healthcare Corp. (NYSE:THC) – The Oracle Examiner (oracleexaminer.com)
- Hot Stock under Review: Tenet Healthcare Corp (NYSE: THC) – Alpha Beta Stock (alphabetastock.com)
- Museum District hospital that recently changed hands names new CEO (finance.yahoo.com)
- Tenet Healthcare Corporation (THC) to Post FY2017 Earnings of $0.65 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Tenet Healthcare Corporation (THC) Expected to Announce Quarterly Sales of $4.91 Billion (americanbankingnews.com)
Shares of Tenet Healthcare Corporation (NYSE:THC) opened at $13.60 on Friday. The company has a debt-to-equity ratio of 21.21, a quick ratio of 1.21 and a current ratio of 1.28. Tenet Healthcare Corporation has a 12-month low of $12.25 and a 12-month high of $22.72.
Tenet Healthcare Corporation (NYSE:THC) last issued its earnings results on Monday, November 6th. The company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.23. The business had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Tenet Healthcare Corporation had a negative return on equity of 5.61% and a negative net margin of 2.85%. Tenet Healthcare Corporation’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. research analysts anticipate that Tenet Healthcare Corporation will post 0.7 EPS for the current fiscal year.
THC has been the topic of several research analyst reports. BidaskClub cut Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and set a $24.00 price target (down from $26.00) on shares of Tenet Healthcare Corporation in a research report on Tuesday, August 8th. Credit Suisse Group lowered their price target on Tenet Healthcare Corporation from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Robert W. Baird restated an “outperform” rating and issued a $23.00 target price on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $16.00 target price (down from $20.00) on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Tenet Healthcare Corporation currently has an average rating of “Hold” and an average price target of $19.00.
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.
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