Ardent Health Partners (NYSE:ARDT) Trading Down 3.5%

Ardent Health Partners, LLC (NYSE:ARDT) shares fell 3.5% during trading on Friday . The stock traded as low as $18.28 and last traded at $18.44. 48,807 shares were traded during trading, a decline of 88% from the average session volume of 423,248 shares. The stock had previously closed at $19.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Leerink Partners began coverage on Ardent Health Partners in a research note on Monday, August 12th. They set an “outperform” rating and a $23.00 target price for the company. Loop Capital started coverage on Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $18.00 price objective on the stock. Leerink Partnrs upgraded Ardent Health Partners to a “strong-buy” rating in a research report on Monday, August 12th. Morgan Stanley initiated coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued an “overweight” rating and a $27.00 target price for the company. Finally, Mizuho started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set an “outperform” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ardent Health Partners presently has an average rating of “Buy” and a consensus target price of $21.70.

Ardent Health Partners Price Performance

The stock has a 50-day simple moving average of $17.73.

Ardent Health Partners (NYSE:ARDT) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Equities analysts predict that Ardent Health Partners, LLC will post 1.25 EPS for the current year.

Ardent Health Partners Company Profile

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.