A number of other firms have also recently commented on THC. Analysts at CRT Capital upgraded shares of Tenet Healthcare from a “fair value” rating to a “buy” rating in a research note to investors on Friday. They now have a $51.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Tenet Healthcare from $20.00 to $38.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Tenet Healthcare in a research note to investors on Monday. They now have a $48.00 price target on the stock, up previously from $26.00.
Tenet Healthcare traded up 3.42% on Friday, hitting $43.19. Tenet Healthcare has a 1-year low of $17.24 and a 1-year high of $41.83. The stock’s 50-day moving average is currently $39.09. The company has a market cap of $4.504 billion and a price-to-earnings ratio of 32.22.
Tenet Healthcare last announced its earnings results on Tuesday, February 26th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.23. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts expect that Tenet Healthcare will post $2.79 EPS for the current fiscal year.
Tenet Healthcare Corporation, and its subsidiaries (Tenet) is an investor-owned health care services company whose subsidiaries and affiliates own and operate acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities.
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