Ardent Health Partners, LLC (NYSE:ARDT) Given Average Rating of “Buy” by Analysts

Shares of Ardent Health Partners, LLC (NYSE:ARDT) have received an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.70.

A number of brokerages have recently commented on ARDT. Truist Financial assumed coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued a “buy” rating and a $21.00 price target on the stock. Leerink Partners assumed coverage on Ardent Health Partners in a research report on Monday, August 12th. They set an “outperform” rating and a $23.00 price target on the stock. Royal Bank of Canada started coverage on Ardent Health Partners in a report on Monday, August 12th. They issued an “outperform” rating and a $23.00 price objective for the company. Bank of America assumed coverage on Ardent Health Partners in a report on Monday, August 12th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on Ardent Health Partners in a research note on Monday, August 12th. They issued a “neutral” rating and a $18.00 target price for the company.

Ardent Health Partners Trading Up 0.4 %

Ardent Health Partners stock opened at $18.38 on Tuesday. Ardent Health Partners has a fifty-two week low of $15.00 and a fifty-two week high of $20.30. The stock has a fifty day moving average price of $17.75.

Ardent Health Partners (NYSE:ARDT) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. As a group, sell-side analysts anticipate that Ardent Health Partners will post 1.25 earnings per share for the current year.

About Ardent Health Partners

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.