Tenet Healthcare Corp. [THC] stock prices are up 16.68% to $162.76 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The THC shares have gain 3.51% over the last week, with a monthly amount drifted -2.07%, and not 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 October 11, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $200. Previously, Robert W. Baird started tracking the stock with Outperform rating on May 30, 2024, and set its price target to $153. On March 27, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $122 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $113 on March 06, 2024. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $73 as its price target on April 21, 2023. JP Morgan started tracking with a Overweight rating for this stock on April 19, 2023, and assigned it a price target of $72. In a note dated June 17, 2022, Loop Capital initiated an Buy rating and provided a target price of $80 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 $128.6 within the next 12 months. Tenet Healthcare Corp. [NYSE: THC] shares were valued at $162.76 at the most recent close of the market. An investor can expect a potential drop of -20.99% 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 151.59 points at the first support level, and at 140.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 168.44, and for the 2nd resistance point, it is at 174.12.
Ratios To Look Out For
It’s worth pointing out that Tenet Healthcare Corp. [NYSE:THC]’s Current Ratio is 1.45. In addition, the Quick Ratio stands at 1.38 and the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 4.49 and price to earnings (TTM) ratio is 5.95.
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.
