Royal Bank Of Canada reaffirmed their hold rating on shares of Tenet Healthcare Corporation (NYSE:THC) in a report issued on Tuesday, July 18th. Royal Bank Of Canada currently has a $25.00 price objective on the stock.
A number of other analysts have also recently issued reports on THC. Mizuho lowered their target price on Tenet Healthcare Corporation from $22.50 to $18.00 and set a neutral rating for the company in a research note on Monday, March 27th. Deutsche Bank AG initiated coverage on Tenet Healthcare Corporation in a research note on Tuesday, April 4th. They set a buy rating and a $28.00 target price for the company. Jefferies Group LLC reissued a buy rating and set a $28.00 target price on shares of Tenet Healthcare Corporation in a research note on Thursday, April 13th. Zacks Investment Research raised Tenet Healthcare Corporation from a sell rating to a hold rating in a research note on Wednesday, May 3rd. Finally, Credit Suisse Group increased their target price on Tenet Healthcare Corporation from $18.00 to $20.00 and gave the stock a neutral rating in a research note on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Tenet Healthcare Corporation presently has a consensus rating of Hold and a consensus price target of $23.57.
Shares of Tenet Healthcare Corporation (THC) opened at 16.77 on Tuesday. The firm’s market capitalization is $1.69 billion. Tenet Healthcare Corporation has a 12-month low of $14.06 and a 12-month high of $28.08. The company’s 50 day moving average is $18.91 and its 200 day moving average is $18.21.
TRADEMARK VIOLATION NOTICE: “Tenet Healthcare Corporation’s (NYSE:THC) Hold Rating Reiterated at Royal Bank Of Canada” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/08/07/tenet-healthcare-corporations-nysethc-hold-rating-reiterated-at-royal-bank-of-canada-updated-updated.html.
Large investors have recently added to or reduced their stakes in the stock. Comerica Bank increased its stake in Tenet Healthcare Corporation by 6.0% in the fourth quarter. Comerica Bank now owns 58,900 shares of the company’s stock valued at $1,073,000 after buying an additional 3,351 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Tenet Healthcare Corporation by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,593,881 shares of the company’s stock valued at $23,654,000 after buying an additional 24,668 shares during the last quarter. FMR LLC increased its stake in Tenet Healthcare Corporation by 24.6% in the fourth quarter. FMR LLC now owns 2,560,313 shares of the company’s stock valued at $37,995,000 after buying an additional 504,800 shares during the last quarter. GSA Capital Partners LLP increased its stake in Tenet Healthcare Corporation by 25.9% in the fourth quarter. GSA Capital Partners LLP now owns 13,878 shares of the company’s stock valued at $206,000 after buying an additional 2,856 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Tenet Healthcare Corporation by 57.4% in the fourth quarter. Guggenheim Capital LLC now owns 137,431 shares of the company’s stock valued at $2,040,000 after buying an additional 50,135 shares during the last quarter.
About Tenet Healthcare Corporation
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.
Receive News & Ratings for Tenet Healthcare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
