Tenet Healthcare (THC) Earns “Buy” Rating from Robert W. Baird
Robert W. Baird reissued their buy rating on shares of Tenet Healthcare (NYSE:THC) in a research report released on Wednesday morning. Robert W. Baird currently has a $35.00 target price on the stock.
THC has been the topic of a number of other reports. ValuEngine raised shares of Tenet Healthcare from a sell rating to a hold rating in a research note on Thursday, November 1st. Barclays reaffirmed a hold rating and issued a $27.00 price objective on shares of Tenet Healthcare in a research note on Wednesday. Piper Jaffray Companies reiterated a hold rating and issued a $34.00 target price on shares of Tenet Healthcare in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Tenet Healthcare from a hold rating to a buy rating and set a $36.00 target price for the company in a report on Wednesday, August 8th. Finally, Mizuho set a $36.00 target price on shares of Tenet Healthcare and gave the company a buy rating in a report on Tuesday, August 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $30.56.
Tenet Healthcare stock opened at $26.29 on Wednesday. Tenet Healthcare has a 1-year low of $12.45 and a 1-year high of $39.74. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The company has a debt-to-equity ratio of 21.55, a quick ratio of 1.01 and a current ratio of 1.06.
Several hedge funds have recently made changes to their positions in THC. Advisors Preferred LLC purchased a new stake in shares of Tenet Healthcare in the second quarter valued at about $163,000. NumerixS Investment Technologies Inc purchased a new stake in Tenet Healthcare during the second quarter worth about $166,000. Assetmark Inc. increased its holdings in Tenet Healthcare by 45.8% during the second quarter. Assetmark Inc. now owns 5,093 shares of the company’s stock worth $171,000 after buying an additional 1,601 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Tenet Healthcare by 286.0% during the first quarter. Cubist Systematic Strategies LLC now owns 7,700 shares of the company’s stock worth $187,000 after buying an additional 5,705 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in Tenet Healthcare during the second quarter worth about $207,000.
Tenet Healthcare Company Profile
Tenet Healthcare Corporation operates as a diversified healthcare services company. It operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. The company's general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.
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