Shares of Tenet Healthcare Corp (NYSE:THC) have earned an average rating of “Hold” from the nineteen ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.21.
Several equities analysts have recently issued reports on the stock. Stephens assumed coverage on shares of Tenet Healthcare in a research note on Monday. They set an “equal weight” rating for the company. Zacks Investment Research downgraded shares of Tenet Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Robert W. Baird reissued a “buy” rating and set a $35.00 target price on shares of Tenet Healthcare in a research note on Wednesday, November 7th. UBS Group initiated coverage on shares of Tenet Healthcare in a research note on Thursday, November 15th. They set a “neutral” rating and a $26.00 target price for the company. Finally, ValuEngine raised shares of Tenet Healthcare from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th.
Shares of NYSE:THC opened at $21.69 on Friday. The company has a market capitalization of $2.15 billion, a P/E ratio of 26.78, a P/E/G ratio of 0.58 and a beta of 1.34. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 21.55. Tenet Healthcare has a one year low of $15.40 and a one year high of $39.74.
A number of institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its holdings in Tenet Healthcare by 3.9% during the third quarter. Arizona State Retirement System now owns 58,893 shares of the company’s stock worth $1,676,000 after purchasing an additional 2,212 shares during the last quarter. United Services Automobile Association raised its position in Tenet Healthcare by 16.3% in the third quarter. United Services Automobile Association now owns 15,884 shares of the company’s stock worth $452,000 after acquiring an additional 2,227 shares during the period. Strs Ohio raised its position in Tenet Healthcare by 5.4% in the third quarter. Strs Ohio now owns 44,700 shares of the company’s stock worth $1,272,000 after acquiring an additional 2,300 shares during the period. Swiss National Bank raised its position in Tenet Healthcare by 1.4% in the third quarter. Swiss National Bank now owns 178,000 shares of the company’s stock worth $5,066,000 after acquiring an additional 2,400 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in Tenet Healthcare by 5.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 48,312 shares of the company’s stock worth $1,622,000 after acquiring an additional 2,470 shares during the period.
Tenet Healthcare Company Profile
Tenet Healthcare Corporation operates as a diversified healthcare services company. It operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. The company's general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.
See Also: Investing in Dividend Stocks
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.