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 $91.08, down 5.13% from the previous day, and has increased 37.29% in one year. It has overperformed other stocks in the Medical Care Facilities industry by 0.35 percentage points. Tenet Healthcare stock is currently +78.45% from its 52-week low of $51.04, and -15.51% from its 52-week high of $107.80.
As of Apr 18, 2024, there are 100M THC shares outstanding. The market capitalization of THC is $9.11B. In the past 24 hours, 2.33M 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 15.15x, relative to Medical Care Facilities industry P/E ratio of -3.03x
- THC may be overvalued based on its P/B ratio of 5.66x, relative to Medical Care Facilities industry P/B ratio of 4.36x
- THC may be undervalued based on its PEG ratio of 0.51x
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.
- THC profit margin has gone up from 2.1% to 3% in the past year.
Signs that THC is not financially healthy:
- There are more long-term liabilities than short-term assets on the THC balance sheet.
- THC earnings of $1.82B is not sufficient to cover its interest payments.
- THC's operating cash flow of $2.37B allows it to safely service it's debt of $15.00B.
- THC has a relatively high debt to equity ratio of 14.18.
Is THC stock a Buy, Hold, or Sell, according to analysts?
Out of 12 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
Andrew Mok, a bottom 15% analyst from Barclays initiates coverage on THC with a strong buy rating and announces their THC price target of $113.00, on Mar 6, 2024.
David S Macdonald, a top 9% analyst from Truist Securities maintains THC with a strong buy rating and raises their THC price target from $92.00 to $105.00, on Feb 9, 2024.
Truist Securities's David S Macdonald raised their price target on Tenet Healthcare (NYSE: THC) by 14.1% from $92 to $105 on 2024/02/10. The analyst maintained their Strong Buy rating on the stock.
Following the 2024/02/08 release of Tenet Healthcare's Q4 and FY 2023 earnings report, Macdonald pointed to the "strong results and normalized guidance calling for attractive adjusted EBITDA growth" as the catalysts for their price target increase.
The analyst detailed that "Tenet Healthcare's Ambulatory Surgical Center trends remain strong, core hospital volumes are solid, and ongoing investments on several fronts, including labor and high acuity service lines, continue to bear fruit."
Earnings Report
Tenet Healthcare reported:
For Q4 2023:
- EPS of $2.68, which beat the Zacks Consensus Estimate of $1.58 and, by 36.7%, Q4 2022’s $1.96.
- Revenue of $5.38B, which beat the Zacks Consensus Estimate of $5.26B and, by 7.8%, Q4 2022’s $4.99B.
For FY 2023:
- EPS of $6.98, which beat FY 2022’s $6.80 by 2.7%.
- Revenue of $20.55B, which beat FY 2022’s $19.17B by 7.2%.
Management guided:
For Q1 2024:
- EPS of $1.24 to $1.62.
- Revenue of $5B to $5.2B.
For FY 2024:
- EPS of $5.76 to $6.90.
- Revenue of $19.9B to $20.3B.
M.D., Chairman & CEO Saum Sutaria commented: "Our businesses performed exceptionally well in 2023, driven by strong same facility revenue growth and disciplined operating management.
"We carry momentum into 2024 and are focused on continuing to expand access to care and investing in cutting-edge technology for our patients and physician partners, while strategically reducing our debt and growing our ambulatory care and hospital businesses."
Ben Hendrix, a top 18% analyst from RBC Capital maintains THC with a buy rating and raises their THC price target from $97.00 to $109.00, on Feb 9, 2024.
Calvin Sternick, a top 29% analyst from JP Morgan maintains THC with a strong buy rating and lowers their THC price target from $91.00 to $81.00, on Nov 17, 2023.
Brian Tanquilut, a top 21% analyst from Jefferies maintains THC with a strong buy rating and lowers their THC price target from $95.00 to $85.00, on Nov 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 $611.00M. In the last five year, THC's earnings have gone up by 42.58% per year. This was faster than the Medical Care Facilities industry average of 11.7%.
Last year, THC revenue was $20.56B. During the past 5 year, THC's revenue has increased by 2.35% per year. This was slower than the Medical Care Facilities industry average of 7.69%.
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.
Richard J. Mark, Director of THC, was the latest THC insider to sell. They sold $1,385,720.00 worth of THC shares on Mar 12, 2024.
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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