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.
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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.
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You can view all of the due diligence checks on THC's stock page.
You can use many financial metrics, analyses, models, and charts to gauge THC's true value.
Using relative valuations measures:
You can access additional valuation analysis on THC's stock here.
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.
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 FY 2022:
For Q1 2023:
For FY 2023:
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.
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.
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.
No, Tenet Healthcare doesn't provide an income stream by paying out dividends.
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To summarize, here are the 6 steps to buy Tenet Healthcare stock:
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