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 $142.68, up 0.49% from the previous day, and has increased 111.79% in one year. It has overperformed other stocks in the Medical Care Facilities industry by 0.94 percentage points. Tenet Healthcare stock is currently +110.49% from its 52-week low of $67.78, and -16.66% from its 52-week high of $171.20.
As of Nov 29, 2024, there are 95.1M THC shares outstanding. The market capitalization of THC is $13.57B. In the past 24 hours, 490,281 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
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 undervalued based on its P/E ratio of 4.52x, relative to Medical Care Facilities industry P/E ratio of 14.05x
- THC may be undervalued based on its P/B ratio of 3.54x, relative to Medical Care Facilities industry P/B ratio of 4.61x
You can do additional valuation analysis on THC's stock here.
THC Financials at a glance
Signs that THC is financially healthy:
- Total THC debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the THC balance sheet.
- THC earnings of $5.14B is not sufficient to cover its interest payments.
- THC profit margin has gone up from 2.3% to 14.9% in the past year.
- THC's operating cash flow of $3.20B allows it to safely service it's debt of $12.87B.
Signs that THC is not financially healthy:
- THC has a relatively high debt to equity ratio of 5.56.
- There are more long-term liabilities than short-term assets on the THC balance sheet.
Is it a good time to buy THC stock, according to analysts?
Out of 11 Equities analysts who give recommendations on THC, the consensus analyst rating on THC is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent THC Analyst Upgrades/Downgrades
Ben Hendrix, a top 17% analyst from RBC Capital maintains THC with a buy rating and raises their THC price target from $174.00 to $183.00, on Oct 30, 2024.
David S Macdonald, a top 9% analyst from Truist Securities reiterates THC with a strong buy rating and raises their THC price target from $180.00 to $190.00, on Oct 30, 2024.
A.J. Rice, a top 14% analyst from UBS maintains THC with a strong buy rating and raises their THC price target from $197.00 to $217.00, on Oct 30, 2024.
UBS's A.J. Rice raised their price target on Tenet Healthcare (NYSE: THC) by 10.2% from $197 to $217 on 2024/10/30. The analyst maintained their Strong Buy rating on the stock.
Tenet Healthcare reported its Q3 2024 earnings.
Rice called Q3 "strong across all of its segments, featuring:
- Outperformance in the hospital segment.
- The USPI segment in line with expectations.
The analyst told readers that Tenet Healthcare continues to prioritize investments in its USPI segment, although investments in key hospital growth opportunities also remain a priority, particularly since the company's hospital portfolio is now "more streamlined" after a series of divestitures.
Earnings Report
For Q3 2024, Tenet Healthcare reported:
- EPS of $2.93, which beat the Zacks Consensus Estimate of $2.33 and Q3 2023's $1.44.
- Revenue of $5.12B, which beat the Zacks Consensus Estimate by 1.48% and Q3 2023's $5.07B.
Management guided:
For Q4 2024:
- EPS of $2.69 to $3.31.
- Revenue of $5.007B to $5.207B.
For FY 2024:
- EPS of $11.12 to $11.73.
- Revenue of $20.6B to $20.8B.
Chairman & CEO Saum Sutaria, M.D., commented: "Our businesses continue to produce strong results and generate robust free cash flow with same-store revenue growth and profitability well above our expectations due to the focused execution of our strategy and disciplined operations.
"We have furthered our portfolio transformation and are well-positioned to deliver enhanced value to our patients, physician partners, and shareholders."
Matthew Gillmor, a top 11% analyst from KeyBanc initiates coverage on THC with a strong buy rating and announces their THC price target of $200.00, on Oct 11, 2024.
Jason Cassorla, a bottom 7% analyst from Citigroup maintains THC with a strong buy rating and raises their THC price target from $139.00 to $171.00, on Jul 25, 2024.
You can dig deeper into what analysts are projecting on the Tenet Healthcare stock forecast page.
THC Momentum
THC Performance Metrics
Last year, THC earnings were $3.13B. In the past three year, THC's earnings have increased by 128.33% per year. This was faster than the Medical Care Facilities industry average of 21.09%.
Last year, THC revenue was $20.98B. Over the last 5 year, THC's revenue has grown by 2.78% per year. This was slower than the Medical Care Facilities industry average of 7.71%.
You can research THC's earnings and revenue performance here.
Latest Insiders Trades at THC
In the past 12 months, executives and large shareholders at THC have sold more shares than they have bought.
Lisa Y. Foo, EVP Commercial Ops of THC, was the latest THC insider to sell. They sold $530,264.00 worth of THC stock on Oct 31, 2024.
Research more about who owns THC stock here.
Can I get consistent income from THC stock?
No, Tenet Healthcare doesn't provide an income stream by paying out dividends.
What do other investors have to say about THC?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your THC purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, place a limit order.
Press the Open button and your broker will place the order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your THC investment
Now that you own some shares in THC, you'll want to stay up-to-date on your investment.
Create a watchlist to track the most important metrics related to 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 require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Tenet Healthcare, create a watchlist today.
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