Ardent Health (NYSE:ARDT) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ardent Health (NYSE:ARDT) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. decreased their price objective on Ardent Health from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Leerink Partners decreased their price objective on Ardent Health from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Royal Bank Of Canada decreased their price objective on Ardent Health from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Monday, March 9th. Zacks Research raised Ardent Health from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, UBS Group boosted their price objective on Ardent Health from $13.00 to $13.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.21.

Ardent Health Stock Performance

Shares of Ardent Health stock opened at $10.11 on Friday. Ardent Health has a one year low of $8.07 and a one year high of $15.48. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 2.25 and a beta of 0.93. The business has a 50-day simple moving average of $9.33 and a 200 day simple moving average of $9.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 2.00.

Ardent Health (NYSE:ARDT) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Ardent Health had a return on equity of 13.85% and a net margin of 2.09%.Ardent Health has set its FY 2026 guidance at 0.900-1.270 EPS. On average, research analysts anticipate that Ardent Health will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ardent Health

Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in Ardent Health by 3.7% during the first quarter. The Manufacturers Life Insurance Company now owns 29,812 shares of the company’s stock valued at $255,000 after purchasing an additional 1,072 shares during the period. Geode Capital Management LLC grew its holdings in Ardent Health by 0.6% during the second quarter. Geode Capital Management LLC now owns 286,848 shares of the company’s stock valued at $3,918,000 after purchasing an additional 1,769 shares during the period. Strs Ohio grew its holdings in Ardent Health by 6.3% during the third quarter. Strs Ohio now owns 42,400 shares of the company’s stock valued at $562,000 after purchasing an additional 2,500 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Ardent Health by 1,177.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,862 shares of the company’s stock valued at $25,000 after purchasing an additional 2,638 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Ardent Health by 24.8% during the third quarter. Alliancebernstein L.P. now owns 16,472 shares of the company’s stock valued at $218,000 after purchasing an additional 3,272 shares during the period.

Ardent Health Company Profile

Ardent Health, listed on the New York Stock Exchange under the ticker ARDT, is a healthcare delivery company focused on acquiring, developing and managing acute care hospitals and complementary outpatient facilities across the United States. The company’s integrated platform encompasses both inpatient and outpatient services, designed to provide end-to-end care solutions and address the full continuum of patient needs.

Through its network, Ardent Health operates general hospitals, emergency departments, ambulatory surgery centers, urgent care clinics, rehabilitation and post-acute care facilities.