At the time of writing, Ardent Health Partners Inc [ARDT] stock is trading at $15.25, up 4.88%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ARDT shares have gain 10.51% over the last week, with a monthly amount drifted -4.98%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, BofA Securities downgraded its rating to Neutral on November 06, 2024, and dropped its price target to $19. On October 11, 2024, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $24 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $21 on August 12, 2024. Stephens initiated its recommendation with a Overweight and recommended $24 as its price target on August 12, 2024. RBC Capital Mkts started tracking with a Outperform rating for this stock on August 12, 2024, and assigned it a price target of $23. In a note dated August 12, 2024, Morgan Stanley initiated an Overweight rating and provided a target price of $27 on this stock.
For the past year, the stock price of Ardent Health Partners Inc fluctuated between $13.63 and $20.72. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Ardent Health Partners Inc [NYSE: ARDT] shares were valued at $15.25 at the most recent close of the market. An investor can expect a potential return of 50.82% based on the average ARDT price forecast.
Analyzing the ARDT fundamentals
According to Ardent Health Partners Inc [NYSE:ARDT], the company’s sales were 5.71B for trailing twelve months, which represents an 5.23% jump. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, 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 0.13 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
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 14.55 points at the first support level, and at 13.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.67, and for the 2nd resistance point, it is at 16.08.
Ratios To Look Out For
It is important to note that Ardent Health Partners Inc [NYSE:ARDT] has a current ratio of 1.91. As well, the Quick Ratio is 1.78, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 23.69.
Transactions by insiders
Recent insider trading involved Webb Robert Thomas, Director, that happened on Nov 08 ’24 when 20000.0 shares were purchased.
