Analysts’ Recent Ratings Changes for Tenet Healthcare (THC)

Several analysts have recently updated their ratings and price targets for Tenet Healthcare (NYSE: THC):

  • 4/25/2022 – Tenet Healthcare had its price target lowered by analysts at Wells Fargo & Company from $100.00 to $90.00. They now have an “overweight” rating on the stock.
  • 4/22/2022 – Tenet Healthcare had its price target raised by analysts at Barclays PLC from $99.00 to $104.00. They now have an “overweight” rating on the stock.
  • 4/22/2022 – Tenet Healthcare had its price target raised by analysts at SVB Leerink LLC from $100.00 to $110.00. They now have an “outperform” rating on the stock.
  • 4/22/2022 – Tenet Healthcare had its price target raised by analysts at Royal Bank of Canada from $89.00 to $104.00. They now have an “outperform” rating on the stock.
  • 4/22/2022 – Tenet Healthcare was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 4/22/2022 – Tenet Healthcare had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $110.00. They now have a “buy” rating on the stock.
  • 4/22/2022 – Tenet Healthcare had its price target raised by analysts at Citigroup Inc. from $96.00 to $110.00. They now have a “buy” rating on the stock.
  • 4/14/2022 – Tenet Healthcare had its “buy” rating reaffirmed by analysts at SVB Leerink LLC. They now have a $100.00 price target on the stock.
  • 4/7/2022 – Tenet Healthcare had its price target raised by analysts at Truist Financial Co. from $90.00 to $100.00.
  • 3/31/2022 – Tenet Healthcare is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 3/28/2022 – Tenet Healthcare is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $100.00 price target on the stock.

NYSE:THC opened at $70.84 on Friday. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.31 and a quick ratio of 1.23. The firm has a 50-day moving average of $82.90 and a 200-day moving average of $79.55. The company has a market cap of $7.63 billion, a PE ratio of 8.05, a PEG ratio of 2.61 and a beta of 2.39. Tenet Healthcare Co. has a one year low of $59.74 and a one year high of $92.65.

Tenet Healthcare (NYSE:THCGet Rating) last posted its earnings results on Wednesday, April 20th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.04 by $0.89. The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.74 billion. Tenet Healthcare had a net margin of 4.92% and a return on equity of 51.84%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 earnings per share. On average, equities research analysts expect that Tenet Healthcare Co. will post 6.68 earnings per share for the current fiscal year.

In other Tenet Healthcare news, Director Richard J. Mark sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $90.47, for a total value of $542,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Ronald A. Rittenmeyer sold 59,851 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $90.12, for a total transaction of $5,393,772.12. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Several hedge funds have recently modified their holdings of THC. Washington Trust Advisors Inc. purchased a new stake in shares of Tenet Healthcare during the 1st quarter worth approximately $34,000. Fifth Third Bancorp increased its stake in shares of Tenet Healthcare by 33.5% during the 4th quarter. Fifth Third Bancorp now owns 629 shares of the company’s stock worth $51,000 after purchasing an additional 158 shares during the last quarter. Covestor Ltd bought a new position in Tenet Healthcare in the 4th quarter worth approximately $64,000. Prospera Financial Services Inc bought a new position in Tenet Healthcare in the 1st quarter worth approximately $73,000. Finally, Allworth Financial LP bought a new position in Tenet Healthcare in the 4th quarter worth approximately $79,000. Institutional investors own 95.41% of the company’s stock.

Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

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