Tenet Healthcare Rating Reiterated by CRT Capital (THC)

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Tenet Healthcare (NYSE: THC)‘s stock had its “buy” rating reiterated by analysts at CRT Capital in a research report issued to clients and investors on Monday, ARN reports. They currently have a $51.00 target price on the stock. CRT Capital’s price target would suggest a potential upside of 8.42% from the stock’s previous close.

Tenet Healthcare (NYSE: THC) traded down 2.91% on Monday, hitting $45.67. Tenet Healthcare has a 1-year low of $17.24 and a 1-year high of $49.47. The stock’s 50-day moving average is currently $44.64. The company’s market cap is $4.727 billion.

Tenet Healthcare (NYSE: THC) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.02. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts expect that Tenet Healthcare will post $2.84 EPS for the current fiscal year.

A number of other firms have also recently commented on THC. Analysts at UBS AG raised their price target on shares of Tenet Healthcare from $50.00 to $55.00 in a research note to investors on Thursday, May 9th. They now have a “buy” rating on the stock. Separately, analysts at Mizuho raised their price target on shares of Tenet Healthcare from $41.00 to $51.00 in a research note to investors on Monday, May 6th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Tenet Healthcare from $44.00 to $52.00 in a research note to investors on Thursday, May 2nd. They now have an “outperform” rating on the stock.

Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Tenet Healthcare currently has an average rating of “Buy” and an average target price of $44.24.

Tenet Healthcare Corporation, and its subsidiaries (NYSE: THC) is an investor-owned health care services company whose subsidiaries and affiliates own and operate acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities.

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