SunTrust Banks, Inc. set a $15.00 price objective on Tenet Healthcare Corporation (NYSE:THC) in a research report report published on Sunday. The brokerage currently has a hold rating on the stock.

Several other analysts have also recently commented on the stock. Robert W. Baird restated a buy rating and set a $23.00 price objective on shares of Tenet Healthcare Corporation in a research note on Thursday, September 28th. Royal Bank Of Canada restated a hold rating and set a $19.00 price objective on shares of Tenet Healthcare Corporation in a research note on Monday, September 25th. Jefferies Group LLC restated a buy rating and set a $24.00 price objective on shares of Tenet Healthcare Corporation in a research note on Thursday, September 21st. Zacks Investment Research cut shares of Tenet Healthcare Corporation from a hold rating to a strong sell rating in a research note on Tuesday, September 19th. Finally, Mizuho restated a neutral rating and set a $14.00 price objective on shares of Tenet Healthcare Corporation in a research note on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $20.60.

Shares of Tenet Healthcare Corporation (NYSE:THC) opened at 13.60 on Friday. The stock’s market capitalization is $1.37 billion. The firm’s 50-day moving average is $16.16 and its 200-day moving average is $17.06. Tenet Healthcare Corporation has a one year low of $12.25 and a one year high of $24.13.

Tenet Healthcare Corporation (NYSE:THC) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.17) EPS for the quarter, meeting the consensus estimate of ($0.17). Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The business had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was up 204.1% compared to the same quarter last year. On average, analysts expect that Tenet Healthcare Corporation will post $0.76 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Harris Associates L P increased its holdings in shares of Tenet Healthcare Corporation by 1.4% during the 2nd quarter. Harris Associates L P now owns 7,733,435 shares of the company’s stock valued at $149,565,000 after purchasing an additional 108,070 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Tenet Healthcare Corporation by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,995,269 shares of the company’s stock valued at $135,289,000 after purchasing an additional 407,910 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Tenet Healthcare Corporation by 25.0% during the 2nd quarter. Franklin Resources Inc. now owns 5,000,000 shares of the company’s stock valued at $96,700,000 after purchasing an additional 1,000,000 shares in the last quarter. FMR LLC increased its holdings in shares of Tenet Healthcare Corporation by 36.9% during the 2nd quarter. FMR LLC now owns 3,724,713 shares of the company’s stock valued at $72,036,000 after purchasing an additional 1,004,700 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Tenet Healthcare Corporation by 25.4% during the 2nd quarter. State Street Corp now owns 2,926,533 shares of the company’s stock valued at $56,603,000 after purchasing an additional 593,520 shares in the last quarter.

About Tenet Healthcare Corporation

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.

Analyst Recommendations for Tenet Healthcare Corporation (NYSE:THC)

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