Tenet Healthcare Corp. [THC] stock prices are down -1.01% to $166.33 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The THC shares have gain 5.97% over the last week, with a monthly amount glided 1.09%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tenet Healthcare Corp. [NYSE: THC] stock has seen the most recent analyst activity on May 30, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $153. Previously, Wolfe Research upgraded its rating to Outperform on March 27, 2024, and kept the price target unchanged to $122. On March 06, 2024, Barclays initiated with a Overweight rating and assigned a price target of $113 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $73 on April 21, 2023. JP Morgan initiated its recommendation with a Overweight and recommended $72 as its price target on April 19, 2023. Loop Capital started tracking with a Buy rating for this stock on June 17, 2022, and assigned it a price target of $80. In a note dated March 29, 2022, Wells Fargo initiated an Overweight rating and provided a target price of $100 on this stock.
The stock price of Tenet Healthcare Corp. [THC] has been fluctuating between $51.04 and $171.20 over the past year. Currently, Wall Street analysts expect the stock to reach $124.87 within the next 12 months. Tenet Healthcare Corp. [NYSE: THC] shares were valued at $166.33 at the most recent close of the market. An investor can expect a potential drop of -24.93% based on the average THC price forecast.
Analyzing the THC fundamentals
The Tenet Healthcare Corp. [NYSE:THC] reported sales of 20.92B for trailing twelve months, representing a surge of 0.41%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 1.1 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.7.
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 164.61 points at the first support level, and at 162.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 167.81, and for the 2nd resistance point, it is at 169.28.
Ratios To Look Out For
It’s worth pointing out that Tenet Healthcare Corp. [NYSE:THC]’s Current Ratio is 1.45. Further, the Quick Ratio stands at 1.38, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 4.59 and price to earnings (TTM) ratio is 6.09.
Transactions by insiders
Recent insider trading involved Ramsey R. Scott, Principal Accounting Officer, that happened on Sep 05 ’24 when 11599.0 shares were sold. Director, FISHER RICHARD W completed a deal on Aug 27 ’24 to sell 2000.0 shares. Meanwhile, Director FISHER RICHARD W bought 2000.0 shares on Aug 27 ’24.
