Analyst Price Target Update on Tenet Healthcare Corporation (NYSE:THC)

Tenet Healthcare Corporation (NYSE:THC): The stock price is expected to reach $ 39.87 in the short term. The number of analysts agreeing with this consensus is 15. The higher estimate for the short term price target is at $62 while the lower estimate is at $30. The standard deviation of the price stands at $7.75.

Many analysts have stated their opinion on the company shares. Citigroup maintains its view on Tenet Healthcare Corporation (NYSE:THC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $27 per share to $36 per share on Tenet Healthcare Corporation. The rating by the firm was issued on May 4, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The director officer (Chairman and CEO), of Tenet Healthcare Corp, Fetter Trevor had unloaded 83,443 shares at $60.02 per share in a transaction on July 6, 2015. The total value of transaction was $5,008,249. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Tenet Healthcare Corporation (NYSE:THC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.21 points or 4.19% at $27.69 with 1,527,844 shares getting traded. Post opening the session at $28.63, the shares hit an intraday low of $27.67 and an intraday high of $28.77 and the price was in this range throughout the day. The company has a market cap of $2,750 million and the number of outstanding shares have been calculated to be 99,304,410 shares. The 52-week high of Tenet Healthcare Corporation (NYSE:THC) is $60.93 and the 52-week low is $21.39.

Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets. As of December 31, 2014, it operated 80 hospitals, 210 outpatient centers, six health plans and Conifer Health Solutions, LLC (Conifer), which provides healthcare business process services in the areas of revenue cycle management, value-based care and patient communications. It provides operational management for revenue cycle functions, including patient access, health information management, revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration, financial risk management and population health management. It has two operating segments: Hospital Operations and other, and Conifer.

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