Shares of Tenet Healthcare Corp (NYSE:THC) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $30.17.
Several analysts recently issued reports on the company. TheStreet downgraded Tenet Healthcare from a “c” rating to a “d+” rating in a report on Monday, May 13th. ValuEngine downgraded Tenet Healthcare from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. SunTrust Banks lowered their price target on Tenet Healthcare to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. Barclays set a $24.00 price target on Tenet Healthcare and gave the company a “hold” rating in a report on Wednesday, April 17th. Finally, Raymond James increased their price target on Tenet Healthcare from $37.00 to $47.00 in a report on Wednesday, February 27th.
Shares of THC stock traded down $1.52 on Thursday, reaching $21.34. 1,931,270 shares of the stock were exchanged, compared to its average volume of 1,797,256. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.42 and a beta of 1.68. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 21.98. Tenet Healthcare has a 1-year low of $16.60 and a 1-year high of $39.74.
A number of large investors have recently bought and sold shares of THC. Oregon Public Employees Retirement Fund boosted its position in Tenet Healthcare by 1,653.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 565,569 shares of the company’s stock valued at $33,000 after buying an additional 533,313 shares during the last quarter. Enlightenment Research LLC purchased a new position in Tenet Healthcare in the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. boosted its position in Tenet Healthcare by 101.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the company’s stock valued at $38,000 after buying an additional 682 shares during the last quarter. Pearl River Capital LLC purchased a new position in Tenet Healthcare in the 4th quarter valued at about $41,000. Finally, Financial Gravity Wealth Inc. purchased a new position in Tenet Healthcare in the 1st quarter valued at about $51,000.
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.
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