Tenet Healthcare Corp (NYSE:THC) has been given a consensus rating of “Hold” by the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $34.25.
A number of research firms have issued reports on THC. Mizuho reaffirmed a “buy” rating on shares of Tenet Healthcare in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Tenet Healthcare from $23.00 to $31.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. UBS Group raised shares of Tenet Healthcare from a “neutral” rating to a “buy” rating and raised their price target for the stock from $24.00 to $53.00 in a report on Monday, December 9th. Credit Suisse Group raised shares of Tenet Healthcare from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $36.00 in a report on Wednesday, November 6th. Finally, Zacks Investment Research cut shares of Tenet Healthcare from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a report on Monday, December 9th.
Shares of NYSE THC traded up $1.65 during midday trading on Friday, reaching $34.20. The company had a trading volume of 1,388,341 shares, compared to its average volume of 847,008. The business’s 50-day simple moving average is $34.86 and its 200 day simple moving average is $29.08. The stock has a market cap of $3.55 billion, a P/E ratio of -14.81, a P/E/G ratio of 0.62 and a beta of 1.81. Tenet Healthcare has a 1 year low of $17.18 and a 1 year high of $39.37. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 30.38.
About Tenet Healthcare
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.
See Also: Commodities
Receive News & Ratings for Tenet Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.