How to Buy Tenet Healthcare Stock
Tenet Healthcare Corp
Tenet Healthcare is a medical care facility company located in Texas, United States, which is part of the Healthcare sector, and is traded under the ticker THC on the NYSE exchange.
Tenet Healthcare stock last closed at $54.49, down 1.21% from the previous day, and has decreased 38.62% in one year. It has underperformed other stocks in the Medical Care Facilities industry by 0.2 percentage points. Tenet Healthcare stock is currently +48.5% from its 52-week low of $36.69, and -41.19% from its 52-week high of $92.65.
As of Mar 24, 2023, there are 102.27M THC shares outstanding. The market capitalization of THC is $5.57B. In the past 24 hours, 994,112 THC shares were traded.
How to Buy Tenet Healthcare Stock
Not sure how to invest in Tenet Healthcare stock? Here's how.
- Decide where to buy Tenet Healthcare stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Tenet Healthcare stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your method of payment and add your information.
- Research Tenet Healthcare stock: The Tenet Healthcare ticker symbol is THC. Is Tenet Healthcare stock a good investment? Should you buy shares of THC? How do THC's underlying business fundamentals look? Do top analysts think Tenet Healthcare is a good buy? Why has THC's stock price moved recently? (Hint: Our stock analysis website can help you decide if THC is a good stock to buy).
- Place your THC purchase: Decide if you will purchase THC shares at the current market price or use a limit order to purchase THC stock at a given price.
- Monitor your THC investment: Create a watchlist to keep tabs on your investment in Tenet Healthcare shares.
Step 1: Decide where to buy Tenet Healthcare stock
You will need an online brokerage account to access the NYSE market and buy THC stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you can invest in THC stock today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Enter your personal data to start a new brokerage account.
- Submit your info by clicking the "Create Account" button.
Step 3: Fund your investment account
Now that you have filled out your info on the stocks app, your next step is to transfer the money for your investment:
Check out the tutorial below if you need help transferring funds into your new investment account.
Step 4: Research Tenet Healthcare stock
After you have figured out the best place to buy Tenet Healthcare stock, it's critical to evaluate their stock before you invest, so you truly understand the risk as well as the opportunity.
Tenet Healthcare quick stats
THC Fundamentals
WallStreetZen was created to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on THC's stock page.
Is THC stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge THC's true value.
Using relative valuations measures:
- THC may be overvalued based on its P/E ratio of 14.19x, relative to Medical Care Facilities industry P/E ratio of 7.32x
- THC may be overvalued based on its P/B ratio of 4.88x, relative to Medical Care Facilities industry P/B ratio of 4.57x
- THC may be undervalued based on its PEG ratio of 0.5x
You can access additional valuation analysis on THC's stock here.
THC Financial Health
Signs that THC is financially healthy:
- There are more short-term assets than short-term liabilities on the THC balance sheet.
- Total THC debt is lower than 5 years ago, relative to shareholder equity.
Signs that THC is not financially healthy:
- THC profit margin has gone down from 4.6% to 2.1% in the past year.
- THC has a relatively high debt to equity ratio of 19.74.
- There are more long-term liabilities than short-term assets on the THC balance sheet.
- THC earnings of $1.65B is not sufficient to cover its interest payments.
- THC's operating cash flow of $1.08B allows it to safely service it's debt of $15.08B.
Is THC stock a Buy, Hold, or Sell, according to analysts?
Out of 13 Equities analysts who research THC, the consensus analyst rating on Tenet Healthcare is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent THC Analyst Ratings
Scott Fidel, a top 10% analyst from Stephens & Co. maintains THC with a hold rating and raises their THC price target from $60.00 to $64.00, on Feb 22, 2023.
Stephen Baxter, a bottom 14% analyst from Wells Fargo maintains THC with a strong buy rating and raises their THC price target from $59.00 to $68.00, on Feb 17, 2023.
Ann Hynes, a top 18% analyst from Mizuho maintains THC with a strong buy rating and raises their THC price target from $60.00 to $78.00, on Feb 17, 2023.
Maintaining her Strong Buy rating, Hynes raised her price target on Tenet Healthcare Corporation by 30% following the release of the company's Q4 and FY 2022 earnings report on 2023/02/09.
There is "upside potential to estimates," the analyst argued, "driven by better-than-expected payer mix in acute care, a faster recovery in the surgery center business, and contract labor trends."
Trends in the surgery center segment continuing to ramp will be "key to multiple expansion for the company," Hynes added.
Tenet Healthcare reported:
For Q4:
- EPS of $1.96, which beat the Zacks Consensus Estimate by 54.3% but missed, by 27.4%, Q4 2021's $2.70.
- Revenue of $4.99B, which beat the Zacks Consensus Estimate of $4.91B by 1.7% and, by 2.6%, Q4 2021's $4.856B.
- 5.9M shares repurchased in the quarter for $250M under the company's $1B share repurchase program.
For FY 2022:
- EPS of $6.80, down 10.3% from FY 2021's $7.58.
- Revenue of $19.174B, down 1.6% from FY 2021's $19.485B.
Management guided:
For Q1 2023:
- Net operating revenue of $4.7B to $4.9B.
- Adjusted EBITDA of $750M to $800M.
- Adjusted EBITDA margin of 16% to 16.3%.
- EPS of $1.00 to $1.23.
For FY 2023:
- Net operating revenue of $19.7B to $20.1B.
- Adjusted EBITDA $3.16B to $3.36B.
- Adjusted EBITDA margin of 16% to 16.7%.
- EPS of $4.68 to $5.85.
CEO Saum Sutaria, M.D., commented: "Our momentum going into 2023 positions us for continued growth as we remain focused on expanding our industry-leading ambulatory business and investing in technology, innovation, and talent."
Andrew Mok, a bottom 14% analyst from UBS maintains THC with a strong buy rating and raises their THC price target from $47.00 to $78.00, on Feb 14, 2023.
Steven Valiquette, a bottom 10% analyst from Barclays maintains THC with a strong buy rating and raises their THC price target from $67.00 to $70.00, on Feb 14, 2023.
You can dig deeper into what analysts are saying on the Tenet Healthcare stock forecast page.
THC Trading Indicators
How are THC Revenues/Earnings doing?
Last year, THC earnings were $411.00M. In the last four year, THC's earnings have gone up by 39.29% per year. This was faster than the Medical Care Facilities industry average of 16.38%.
Last year, THC revenue was $19.37B. During the past 5 year, THC's revenue has increased by 0.2% per year. This was slower than the Medical Care Facilities industry average of 15.66%.
Dig into THC's earnings and revenue performance here.
What are THC executives and large shareholders up to?
In the past year, insiders at THC have sold more shares than they have bought.
Thomas W. Arnst, EVP Chief Admin. Officer GC of THC, was the latest THC insider to sell. They sold $96,112.00 worth of THC shares on Mar 7, 2023.
Dig into more about who owns THC shares here.
Can I rely on THC as an income stream?
No, Tenet Healthcare doesn't provide an income stream by paying out dividends.
What others are saying about THC
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your THC purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your THC investment
Now that you own some THC shares, you'll want to keep up with your investment.
Add THC to a watchlist to get notified of the latest news about your THC stock.
THC Feed
How to Buy Stock in Tenet Healthcare
To summarize, here are the 6 steps to buy Tenet Healthcare stock:
- Decide where to buy Tenet Healthcare stock
- Create a brokerage account
- Fund your investment account
- Research Tenet Healthcare stock
- Place your THC purchase
- Monitor your THC investment
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Tenet Healthcare, create a watchlist on WallStreetZen today.
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