Ardent Health Partners, LLC (NYSE:ARDT) Given Average Recommendation of “Buy” by Brokerages

Shares of Ardent Health Partners, LLC (NYSE:ARDT) have been given an average recommendation of “Buy” by the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.70.

A number of analysts have recently issued reports on ARDT shares. Leerink Partnrs raised Ardent Health Partners to a “strong-buy” rating in a research note on Monday, August 12th. Royal Bank of Canada assumed coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set an “outperform” rating and a $23.00 target price for the company. Bank of America started 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. JPMorgan Chase & Co. initiated coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, Truist Financial began coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $21.00 target price on the stock.

Ardent Health Partners Stock Performance

Shares of NYSE ARDT opened at $18.00 on Friday. Ardent Health Partners has a one year low of $15.00 and a one year high of $20.30.

Ardent Health Partners (NYSE:ARDT) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, equities research analysts predict that Ardent Health Partners will post 1.24 EPS for the current fiscal year.

Ardent Health Partners Company Profile

We are the fourth largest privately held, for-profit operator of hospitals and a leading provider of healthcare services in the United States(1). We currently operate in eight growing mid-sized urban markets across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. We deliver care through a system of 30 acute care hospitals, more than 200 sites of care, and over 1,700 providers that are either employed by or affiliated with us(2), as of March 31, 2024.