Ardent Health Partners (NYSE:ARDT) Earns Overweight Rating from Analysts at KeyCorp

Research analysts at KeyCorp initiated coverage on shares of Ardent Health Partners (NYSE:ARDT) in a note issued to investors on Friday, Briefing.com reports. The firm set an “overweight” rating and a $24.00 price target on the stock. KeyCorp’s target price suggests a potential upside of 32.45% from the stock’s current price.

ARDT has been the topic of a number of other reports. Bank of America initiated coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $22.00 price target on the stock. Leerink Partnrs upgraded shares of Ardent Health Partners to a “strong-buy” rating in a research note on Monday, August 12th. Loop Capital started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set a “buy” rating and a $18.00 price target on the stock. Leerink Partners assumed coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued an “outperform” rating and a $23.00 price objective for the company. Finally, Citigroup assumed coverage on Ardent Health Partners in a report on Monday, August 12th. They set a “buy” rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ardent Health Partners has an average rating of “Buy” and an average target price of $21.91.

Ardent Health Partners Stock Performance

ARDT opened at $18.12 on Friday. Ardent Health Partners has a 12-month low of $15.00 and a 12-month high of $20.30. The company has a quick ratio of 1.54, a current ratio of 1.65 and a debt-to-equity ratio of 0.93. The firm has a fifty day simple moving average of $17.92.

Ardent Health Partners (NYSE:ARDT) last issued its earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, sell-side analysts anticipate that Ardent Health Partners will post 1.25 EPS for the current fiscal year.

About Ardent Health Partners

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.