Tenet Healthcare Corporation (NYSE:THC - Get Free Report) insider R. Scott Ramsey sold 8,017 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $232.70, for a total transaction of $1,865,555.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Tenet Healthcare Price Performance
Shares of NYSE:THC opened at $242.90 on Wednesday. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.76 and a quick ratio of 1.68. The stock has a market capitalization of $21.12 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.16 and a beta of 1.39. The business has a 50-day moving average of $207.62 and a two-hundred day moving average of $201.09. Tenet Healthcare Corporation has a fifty-two week low of $109.82 and a fifty-two week high of $243.72.
Tenet Healthcare (NYSE:THC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $4.70 earnings per share for the quarter, beating analysts' consensus estimates of $4.08 by $0.62. Tenet Healthcare had a return on equity of 26.33% and a net margin of 6.60%.The business had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the business earned $3.44 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. Tenet Healthcare has set its FY 2026 guidance at 16.190-18.470 EPS. On average, equities research analysts predict that Tenet Healthcare Corporation will post 12.24 EPS for the current fiscal year.
Institutional Trading of Tenet Healthcare
Institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management bought a new position in Tenet Healthcare in the third quarter worth $25,000. Activest Wealth Management bought a new position in shares of Tenet Healthcare during the 4th quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Tenet Healthcare during the 4th quarter valued at about $29,000. William B. Walkup & Associates Inc. acquired a new position in Tenet Healthcare in the third quarter worth about $32,000. Finally, Canada Pension Plan Investment Board bought a new position in Tenet Healthcare during the second quarter worth about $35,000. 95.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on THC shares. Guggenheim boosted their target price on shares of Tenet Healthcare from $257.00 to $271.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Jefferies Financial Group boosted their price objective on Tenet Healthcare from $250.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Royal Bank Of Canada raised their target price on Tenet Healthcare from $253.00 to $277.00 and gave the company an "outperform" rating in a report on Thursday, February 12th. JPMorgan Chase & Co. upped their price target on Tenet Healthcare from $200.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, November 13th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $265.00 price objective on shares of Tenet Healthcare in a research note on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Tenet Healthcare has an average rating of "Moderate Buy" and an average price target of $247.67.
Read Our Latest Stock Report on THC
About Tenet Healthcare
(
Get Free Report)
Tenet Healthcare Corporation (NYSE: THC) is a diversified American healthcare services company that owns and operates acute care hospitals and a broad range of outpatient facilities. Its portfolio includes general acute-care hospitals, specialty hospitals, ambulatory surgery centers, urgent care and diagnostic imaging centers, and other ancillary service locations. Tenet's operations are oriented around delivering inpatient and outpatient clinical care across multiple medical specialties, with an emphasis on surgical services, emergency care, and advanced diagnostics.
In addition to facility-based care, Tenet provides integrated services designed to support clinical operations and improve patient access and care coordination.
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