Tenet Healthcare Corporation (THC) Given Coverage Optimism Score of 0.16
Media coverage about Tenet Healthcare Corporation (NYSE:THC) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tenet Healthcare Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.9582504004461 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s analysis:
- Why didn’t Tenet’s CEO quit sooner? Dallas employees now can brace for Wall Street fight – Dallas News (blog) (dallasnews.com)
- Tenet selling 8 more hospitals as investors debate company … – Crain’s Detroit Business (crainsdetroit.com)
- Tenet Healthcare (THC) Presents At 2017 Wells Fargo Healthcare Conference – Slideshow (seekingalpha.com)
- Tenet Healthcare (THC) Presents At Baird’s 2017 Global Healthcare Conference – Slideshow (seekingalpha.com)
- Healthcare Reform: Still On The Table? (finance.yahoo.com)
A number of equities analysts recently commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $23.00 target price on shares of Tenet Healthcare Corporation in a research note on Thursday, August 24th. Leerink Swann raised shares of Tenet Healthcare Corporation from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research report on Tuesday, June 6th. Citigroup Inc. reissued a “neutral” rating and issued a $16.00 price target (down from $20.00) on shares of Tenet Healthcare Corporation in a research report on Thursday, August 10th. Mizuho reissued a “neutral” rating and issued a $14.00 price target on shares of Tenet Healthcare Corporation in a research report on Sunday, August 20th. Finally, ValuEngine cut shares of Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.43.
Tenet Healthcare Corporation (THC) traded up 4.9410% on Monday, reaching $17.4202. 1,220,839 shares of the company traded hands. Tenet Healthcare Corporation has a 12 month low of $12.54 and a 12 month high of $24.83. The company’s market capitalization is $1.76 billion. The company has a 50-day moving average price of $16.35 and a 200-day moving average price of $17.64.
Tenet Healthcare Corporation (NYSE:THC) last issued its quarterly earnings data on Monday, August 7th. The company reported ($0.17) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). The firm had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $4.90 billion. Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. Tenet Healthcare Corporation’s quarterly revenue was up 204.1% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. Equities research analysts expect that Tenet Healthcare Corporation will post $0.83 EPS for the current year.
Tenet Healthcare Corporation Company Profile
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’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.
Receive News & Stock Ratings for Tenet Healthcare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare Corporation and related stocks with our FREE daily email newsletter.