At the time of writing, Ardent Health Partners Inc [ARDT] stock is trading at $18.58, up 6.05%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ARDT shares have gain 7.09% over the last week, with a monthly amount glided 6.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ardent Health Partners Inc [NYSE: ARDT] stock has seen the most recent analyst activity on August 12, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $21. Previously, Stephens started tracking the stock with Overweight rating on August 12, 2024, and set its price target to $24. On August 12, 2024, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $23 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $27 on August 12, 2024. Mizuho initiated its recommendation with a Outperform and recommended $20 as its price target on August 12, 2024. Loop Capital started tracking with a Buy rating for this stock on August 12, 2024, and assigned it a price target of $18. In a note dated August 12, 2024, Leerink Partners initiated an Outperform rating and provided a target price of $23 on this stock.
For the past year, the stock price of Ardent Health Partners Inc fluctuated between $15.00 and $18.16. Currently, Wall Street analysts expect the stock to reach $22.5 within the next 12 months. Ardent Health Partners Inc [NYSE: ARDT] shares were valued at $18.58 at the most recent close of the market. An investor can expect a potential return of 21.1% based on the average ARDT price forecast.
Analyzing the ARDT fundamentals
Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.1 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.59 points at the first support level, and at 16.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.36, and for the 2nd resistance point, it is at 20.15.
Ratios To Look Out For
It is important to note that Ardent Health Partners Inc [NYSE:ARDT] has a current ratio of 1.65. In addition, the Quick Ratio stands at 1.54 and the Cash Ratio stands at 0.37.
