Sell-side analyst recommendations point to a short term price target of $18.93 on the company shares. The company's market capitalization is $1.46 billion. The stock has "Neutral" rating by Mizuho on Friday, February 24. The rating was maintained by Jefferies with "Buy" on Thursday, June 1. The firm has "Hold" rating given on Monday, July 17 by RBC Capital Markets. The number of shares now owned by investors are 128.37 mln. As per Thursday, October 5, the company rating was maintained by Canaccord Genuity.
At the end of 6/30/2017 reporting period, 138 institutional holders increased their position in Tenet Healthcare Corp.
Tenet Healthcare Corp. (NYSE:THC)'s performance this year to date is -6.60%. (NYSE:THC) are -11.32%; -14.66% for the month; -27.4% for the last quarter; -20.71% for the past six-months; and -34.87% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Tenet Healthcare Corporation had 54 analyst reports since July 21, 2015 according to SRatingsIntel. The stock declined 4.47% or $0.62 reaching $13.24 on the news. About 56,158 shares traded. (NYSE:THC). At the time of writing, the First Call consensus price target for the company is $19.46. It has underperformed by 53.51% the S&P500. Liberty Mutual Gru Asset Management has 32,362 shares. Micron Technology Inc (NASDAQ:MU) was reduced too.
Investors sentiment increased to 1.25 in Q2 2017.
Beta values for the above stocks are 0.89, 1.88, 1.19. The number of shares now owned by investors are 101.21 mln. 41 funds opened positions while 86 raised stakes. 123.06 million shares or 1.09% more from 121.72 million shares in 2017Q1 were reported. Tiaa Cref Mngmt Ltd Liability Co holds 835,437 shares or 0.01% of its portfolio. 150 were reported by Cwm Lc.
Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock. Retirement System Of Alabama accumulated 103,679 shares. Us Savings Bank De reported 2,202 shares. Quantbot Techs Limited Partnership invested 0.04% of its portfolio in Tenet Healthcare Corp (NYSE:THC). Moreover, Caspian Lp has 1.19% invested in Tenet Healthcare Corp (NYSE:THC). Accern also gave media stories about the company an impact score of 45.9008302335732 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. Fincl Bank Of Montreal Can holds 0% or 64,277 shares in its portfolio. Nationwide Fund Advsr accumulated 0.01% or 183,345 shares. Return on Assets is 0.69%.
Shares of Tenet Healthcare Corporation (THC) traded up 1.18% on Wednesday, hitting $14.57. Therefore 40% are positive. The stock of Tenet Healthcare Corp (NYSE:THC) has "Positive" rating given on Wednesday, April 13 by Susquehanna. The rating was initiated by Morgan Stanley with "Equal-Weight" on Wednesday, June 7. The firm has "Neutral" rating by Mizuho given on Thursday, October 22. The firm has "Outperform" rating given on Friday, September 4 by BMO Capital Markets. Finally, BidaskClub downgraded Tenet Healthcare Corporation from a "hold" rating to a "sell" rating in a report on Saturday, August 5th. The firm earned "Market Perform" rating on Monday, January 4 by Wells Fargo.
When considering a stock buy, many investors seek to know what Wall Street analysts are saying about the company - by looking at the average analyst rating, for example. The rating was initiated by Citigroup on Friday, October 2 with "Neutral". CYH's financial leverage ratio is 13.66, which indicates that the company's asset base is primarily funded by debt. The 9 months bearish chart indicates high risk for the $1.35 billion company. The Firm offers a portfolio of property and casualty insurance products. The affiliated operations include local Tenet-owned physician practices; the Chicago Health System ("CHS"), an independent practice association of almost 1,000 physicians; and the associated CHS accountable care organization.