Tenet Healthcare (THC) Projected to Post Earnings on Thursday

Tenet Healthcare (NYSE:THC) is projected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect Tenet Healthcare to post earnings of $2.95 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Tenet Healthcare Stock Down 0.6 %

Shares of NYSE:THC opened at $139.61 on Tuesday. The business has a fifty day moving average of $133.91 and a two-hundred day moving average of $148.62. The company has a quick ratio of 1.52, a current ratio of 1.58 and a debt-to-equity ratio of 2.35. The stock has a market cap of $13.28 billion, a P/E ratio of 4.47, a PEG ratio of 0.63 and a beta of 2.05. Tenet Healthcare has a 52-week low of $86.90 and a 52-week high of $171.20.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company cut shares of Tenet Healthcare from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $205.00 to $150.00 in a research note on Monday, November 25th. UBS Group upped their price target on Tenet Healthcare from $197.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. KeyCorp lowered their target price on shares of Tenet Healthcare from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Barclays upped their price objective on shares of Tenet Healthcare from $171.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Raymond James cut Tenet Healthcare from a “strong-buy” rating to an “outperform” rating and set a $195.00 price target on the stock. in a research note on Friday, November 22nd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.00.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.