Tenet Healthcare Corp. (NYSE:THC) has earned an average recommendation of “Hold” from the twenty-one brokerages that are presently covering the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $32.77.

THC has been the topic of a number of recent research reports. Zacks Investment Research upgraded Tenet Healthcare Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, October 4th. Jefferies Group restated a “buy” rating on shares of Tenet Healthcare Corp. in a research report on Monday, July 11th. Barclays PLC reaffirmed a “buy” rating and set a $39.00 target price on shares of Tenet Healthcare Corp. in a research note on Friday, August 19th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Tenet Healthcare Corp. in a research note on Tuesday, June 28th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $38.00 target price on shares of Tenet Healthcare Corp. in a research note on Tuesday, August 2nd.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Tenet Healthcare Corp. by 222.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,647 shares of the company’s stock valued at $101,000 after buying an additional 2,515 shares in the last quarter. US Bancorp DE raised its stake in shares of Tenet Healthcare Corp. by 0.9% in the second quarter. US Bancorp DE now owns 3,879 shares of the company’s stock valued at $107,000 after buying an additional 33 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Tenet Healthcare Corp. during the second quarter valued at approximately $142,000. Creative Planning raised its stake in shares of Tenet Healthcare Corp. by 618.0% in the third quarter. Creative Planning now owns 6,354 shares of the company’s stock valued at $144,000 after buying an additional 5,469 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Tenet Healthcare Corp. by 1,534.5% in the second quarter. Acadian Asset Management LLC now owns 6,211 shares of the company’s stock valued at $171,000 after buying an additional 5,831 shares in the last quarter.

Tenet Healthcare Corp. (NYSE:THC) traded down 0.95% on Friday, hitting $22.91. The stock had a trading volume of 2,460,497 shares. Tenet Healthcare Corp. has a 1-year low of $20.40 and a 1-year high of $37.25. The stock’s 50-day moving average is $22.70 and its 200 day moving average is $27.42. The firm’s market capitalization is $2.28 billion.

Tenet Healthcare Corp. (NYSE:THC) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.14. Tenet Healthcare Corp. had a negative net margin of 1.15% and a positive return on equity of 14.47%. The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Tenet Healthcare Corp. will post $1.54 earnings per share for the current fiscal year.

About Tenet Healthcare Corp.

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company operates through three segments: Hospital Operations and other, Ambulatory Care and Conifer.

5 Day Chart for NYSE:THC

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