Tenet Healthcare (NYSE:THC – Free Report) had its target price lifted by UBS Group from $95.00 to $104.00 in a research note released on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.
THC has been the topic of several other research reports. Royal Bank of Canada boosted their price objective on Tenet Healthcare from $73.00 to $84.00 in a report on Wednesday, April 26th. Truist Financial lifted their target price on Tenet Healthcare from $84.00 to $92.00 in a research note on Tuesday, June 20th. Stephens lifted their target price on Tenet Healthcare from $87.00 to $89.00 and gave the company an equal weight rating in a research note on Tuesday. Cantor Fitzgerald began coverage on Tenet Healthcare in a research note on Thursday, April 20th. They set an overweight rating and a $73.00 target price on the stock. Finally, Raymond James lifted their target price on Tenet Healthcare from $72.00 to $85.00 in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tenet Healthcare currently has a consensus rating of Buy and an average target price of $80.24.
Tenet Healthcare Price Performance
Shares of Tenet Healthcare stock opened at $76.80 on Tuesday. The company’s 50-day moving average price is $77.19 and its two-hundred day moving average price is $66.65. The company has a current ratio of 1.39, a quick ratio of 1.29 and a debt-to-equity ratio of 5.79. The stock has a market cap of $7.83 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 4.88 and a beta of 2.12. Tenet Healthcare has a 52 week low of $36.69 and a 52 week high of $85.40.
Insiders Place Their Bets
In other Tenet Healthcare news, EVP Thomas W. Arnst sold 21,178 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $73.12, for a total transaction of $1,548,535.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tenet Healthcare news, EVP Thomas W. Arnst sold 21,178 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $73.12, for a total transaction of $1,548,535.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paola M. Arbour sold 38,556 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $75.22, for a total value of $2,900,182.32. Following the transaction, the executive vice president now owns 33,006 shares of the company’s stock, valued at $2,482,711.32. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Beacon Capital Management LLC acquired a new position in shares of Tenet Healthcare in the fourth quarter valued at $27,000. Global Retirement Partners LLC raised its stake in shares of Tenet Healthcare by 434.4% in the second quarter. Global Retirement Partners LLC now owns 326 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares in the last quarter. Nvwm LLC acquired a new position in shares of Tenet Healthcare in the first quarter valued at $30,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Tenet Healthcare in the first quarter valued at $31,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Tenet Healthcare by 46.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 629 shares of the company’s stock valued at $31,000 after purchasing an additional 199 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.
Tenet Healthcare Company Profile
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates through three segments: Hospital Operations, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.
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