A share price of Tenet Healthcare Corp [THC] is currently trading at $129.27, up 1.02%. 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 5.40% over the last week, with a monthly amount drifted -7.07%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Goldman downgraded its rating to Neutral on December 16, 2024, and dropped its price target to $140. On November 25, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $150 on the stock. Raymond James downgraded its rating to a Outperform but stick to its price target of $195 on November 22, 2024. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $200 as its price target on October 11, 2024. Robert W. Baird started tracking with a Outperform rating for this stock on May 30, 2024, and assigned it a price target of $153. In a note dated March 27, 2024, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $122.
Tenet Healthcare Corp experienced fluctuations in its stock price throughout the past year between $78.03 and $171.20. Currently, Wall Street analysts expect the stock to reach $168.6 within the next 12 months. Tenet Healthcare Corp [NYSE: THC] shares were valued at $129.27 at the most recent close of the market. An investor can expect a potential return of 30.42% based on the average THC price forecast.
Analyzing the THC fundamentals
Trailing Twelve Months sales for Tenet Healthcare Corp [NYSE:THC] were 20.97B which represents 1.11% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 1.01 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.36.
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 127.02 points at the first support level, and at 124.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.42, and for the 2nd resistance point, it is at 131.57.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tenet Healthcare Corp [NYSE:THC] is 1.58. Further, the Quick Ratio stands at 1.52, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 3.21 and price to earnings (TTM) ratio is 4.14.
Transactions by insiders
Recent insider trading involved Foo Lisa Y, EVP, Commercial Ops, that happened on Oct 31 ’24 when 4000.0 shares were sold. Officer, Foo Lisa Y completed a deal on Oct 31 ’24 to buy 4000.0 shares. Meanwhile, Principal Accounting Officer Ramsey R. Scott sold 11599.0 shares on Sep 05 ’24.
