Tenet Healthcare Corp (NYSE:THC) has earned an average recommendation of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.33.
A number of analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of Tenet Healthcare in a research report on Thursday, November 2nd. They issued a “neutral” rating and a $15.00 price objective on the stock. Zacks Investment Research raised shares of Tenet Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. William Blair reissued a “market perform” rating on shares of Tenet Healthcare in a research report on Tuesday, November 21st. Mizuho boosted their price objective on shares of Tenet Healthcare from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 19th. Finally, Jefferies Group set a $20.00 price objective on shares of Tenet Healthcare and gave the stock a “buy” rating in a research report on Monday, October 30th.
In related news, Director George Fredrick Smitherman sold 14,300 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $2.02, for a total transaction of $28,886.00. Over the last 90 days, insiders have sold 54,600 shares of company stock worth $94,146. 3.10% of the stock is owned by corporate insiders.
Shares of Tenet Healthcare (NYSE:THC) opened at $19.50 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.28 and a debt-to-equity ratio of 21.21. The company has a market cap of $1,968.27, a price-to-earnings ratio of -3.54, a PEG ratio of 3.68 and a beta of 1.24. Tenet Healthcare has a 1 year low of $12.25 and a 1 year high of $22.72.
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Tenet Healthcare Company Profile
Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.
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