Price Target Analysis of Tenet Healthcare Corp. (THC)

Lloyd Doyle
January 23, 2018

Also, a -4.49% overturn in Tenet Healthcare Corporation (THC) witnessed over the past one year demand tendency to limit losses. Eight analysts have provided estimates for Tenet Healthcare's earnings, with estimates ranging from $4.79 billion to $5.00 billion. The stock had a trading volume of 3,896,772 shares, compared to its average volume of 1,630,456. It has underperformed by 53.51% the S&P500. One of the most popular ratios is the "Return on Assets" (aka ROA). BerganKDV Wealth Management LLC now owns 47,968 shares of the company's stock valued at $727,000 after purchasing an additional 3,523 shares during the last quarter. Newell Brands Inc now has $15.45B valuation. The stock increased 1.55% or $0.32 during the last trading session, reaching $21.02. Its shares last traded at a price of $17.24 per share. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since January 23, 2017 and is downtrending. It has underperformed by 16.70% the S&P500.

Stock analysts at SunTrust Banks decreased their Q4 2018 earnings per share (EPS) estimates for shares of Tenet Healthcare in a report released on Thursday, according to Zacks Investment Research. Therefore 83% are positive. Last session Tenet Healthcare Corporation RSI was seen at 70.77. The stock of Tenet Healthcare Corporation (NYSE:THC) earned "Neutral" rating by Piper Jaffray on Wednesday, January 4. The firm earned "Hold" rating on Wednesday, January 3 by Goldman Sachs. They set a "neutral" rating and a $15.00 price objective for the company. Guggenheim Lc stated it has 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Brean Capital has "Buy" rating and $119 target. The company was maintained on Wednesday, April 5 by Deutsche Bank. The firm has "Buy" rating given on Monday, October 30 by Jefferies. The rating was maintained by Jefferies with "Buy" on Wednesday, September 20.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.08, from 1.25 in 2017Q2. Finally, Dimensional Fund Advisors LP grew its position in Tenet Healthcare by 18.2% in the third quarter. Davidson Kempner Capital Management L P reported 1.92 million shares or 0.94% of all its holdings. Adams Diversified Equity Fund has 0.04% invested in Tenet Healthcare Corporation (NYSE:THC) for 48,700 shares. The insider Siegel Eric H. sold 1,820 shares worth $250,068. Prelude Capital Management Ltd Liability Com has 0.02% invested in Tenet Healthcare Corporation (NYSE:THC). Landscape Capital Limited Co reported 0.07% in Tenet Healthcare Corporation (NYSE:THC). Bnp Paribas Arbitrage Sa owns 108,650 shares for 0% of their portfolio. 188.97 million shares or 2.28% more from 184.77 million shares in 2017Q2 were reported. Liberty Mutual Grp Incorporated Asset Mngmt has invested 0.02% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). It increased, as 20 investors sold PENN shares while 57 reduced holdings. 208,852 are held by Bancshares Of America Corporation De. Metropolitan Life Ins Ny accumulated 0.01% or 129,274 shares. Guggenheim Cap Ltd Liability invested in 0% or 95,405 shares.

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Analysts await Incyte Corporation (NASDAQ:INCY) to report earnings on February, 13. (NASDAQ:PENN) to report earnings on February, 1. The lower end of the projection is $-0.18 per share, while the higher end is $0.47 per share. THC's profit will be $130.20 million for 3.34 P/E if the $1.29 EPS becomes a reality. The institutional investor held 32,771 shares of the consumer durables company at the end of 2017Q3, valued at $1.61 million, up from 14,849 at the end of the previous reported quarter. Its up 0.09, from 1.26 in 2017Q2. 38 funds opened positions while 66 raised stakes. Stonehill Cap Management Limited Liability Company, a New York-based fund reported 225,033 shares. California Pub Employees Retirement invested in 0.06% or 359,272 shares. Ellington Mgmt Gru Ltd holds 0.07% in Penn National Gaming, Inc. State Of Alaska Department Of Revenue holds 0.02% of its portfolio in Penn National Gaming, Inc. Sarl accumulated 0.29% or 80,915 shares. Whittier holds 260 shares or 0% of its portfolio. Engineers Gate Manager Lp owns 10,567 shares for 0.02% of their portfolio. Verition Fund Limited Co reported 0.02% of its portfolio in Penn National Gaming, Inc.

Tenet Healthcare Corporation, together with its subsidiaries, operates as a diversified healthcare services company. Ameriprise Fin has 0.01% invested in Innophos Holdings, Inc.

Among 19 analysts covering Newell Rubbermaid Inc. The rating was downgraded by J.P. Morgan on Thursday, November 2 to "Hold". Forward View Consulting maintained Newell Brands Inc. The firm has "Neutral" rating by Sidoti given on Friday, December 16. Sterne Agee CRT initiated the shares of NWL in report on Tuesday, July 21 with "Buy" rating. The change in volume gives a closer look at the stock with a percentage rate of 5.90%. Wells Fargo downgraded the stock to "Market Perform" rating in Monday, May 1 report. The stock of Innophos Holdings, Inc. The rating was maintained by Oppenheimer with "Hold" on Tuesday, June 6.

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