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Jefferies analyst Brian Tanquilut maintained a Purchase ranking on Tenet Healthcare (THC – Research Report) on Might 28. The corporate’s shares closed final Thursday at $68.63, near its 52-week excessive of $70.75.
In accordance with TipRanks.com, Tanquilut is a 4-star analyst with a mean return of 8.7% and a 57.1% success charge. Tanquilut covers the Healthcare sector, specializing in shares equivalent to Aveanna Healthcare Holdings, Quest Diagnostics, and Hanger Orthopedic.
Tenet Healthcare has an analyst consensus of Robust Purchase, with a value goal consensus of $73.13, which is a 7.6% upside from present ranges. In a report issued on Might 25, Raymond James additionally reiterated a Purchase ranking on the inventory with a $85.00 value goal.
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Tenet Healthcare’s market cap is at the moment $7.33B and has a P/E ratio of 17.80. The corporate has a Worth to E book ratio of -0.69.
Primarily based on the current company insider exercise of 40 insiders, company insider sentiment is adverse on the inventory. Which means over the previous quarter there was a rise of insiders promoting their shares of THC in relation to earlier this 12 months. Most just lately, in March 2021, Daniel Cancelmi, the EVP & CFO of THC bought 214,302 shares for a complete of $11,954,779.
TipRanks has tracked 36,000 firm insiders and located that a number of of them are higher than others in the case of timing their transactions. See which 3 stocks are almost certainly to make strikes following their insider actions.
Tenet Healthcare Corp. engages within the provision of well being care companies. Via its subsidiaries and associates, it owns and facilitates acute care hospitals, ambulatory surgical procedure facilities, diagnostic imaging facilities, and associated well being care services. It operates by way of the next enterprise segments: Hospital Operations and Different, Ambulatory Care, and Conifer. The Hospital Operations and Different phase contains of acute care hospitals, ancillary outpatient services, pressing care facilities, microhospitals and doctor practices. The Ambulatory Care phase consists of operations of USPI three way partnership and the corporate’s 9 Aspen services in the UK. The Conifer phase affords healthcare enterprise course of companies within the areas of hospital and doctor income cycle administration and value-based care options to healthcare methods, in addition to particular person hospitals, doctor practices, self-insured organizations, well being plans, and different entities. The corporate was based in 1975 and is headquartered in Dallas, TX.
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