Impact of Brokerage Rating on Tenet Healthcare Corporation(THC)

Many Tenet Healthcare Corporation(THC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Tenet Healthcare Corp was Initiated by Piper Jaffray to Neutral on Jan 4, 2017. Tenet Healthcare Corp was Downgraded by Mizuho on Nov 22, 2016 to Underperform, Price Target of the shares are set at $13.

Company has reported several Insider transactions to the SEC, on Nov 10, 2016, Peter M Wilver (director) purchased 5,000 shares at 15.19 per share price.On Jul 15, 2015, Trevor Fetter (Chairman and CEO) sold 184,481 shares at 60.25 per share price.On Jun 5, 2015, R. Scott Ramsey (Principal Accounting Officer) sold 5,650 shares at 51.64 per share price.

Tenet Healthcare Corp Last issued its quarterly earnings results on Oct 31, 2016. The company reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.17. The company had revenue of $4849.00 million for the quarter, compared to analysts expectations of $4782.31 million. The companys revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Tenet Healthcare Corporation (NYSE:THC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.43 by 14 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Tenet Healthcare Corporation (NYSE:THC): The mean short term price target for Tenet Healthcare Corporation (NYSE:THC) has been established at $23.56 per share. The higher price target estimate is at $39 and the lower price target estimate is expected at $13 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.55

Tenet Healthcare Corporation (NYSE:THC) rose 1.26% or 0.24 points on Tuesday and made its way into the gainers of the day. After trading began at $18.98 the stock was seen hitting $19.3393 as a peak level and $18.89 as the lowest level. The stock ended up at $19.24. The daily volume was measured at 1,318,240 shares. The 52-week high of the share price is $34.0799 and the 52-week low is $14.06. The company has a market cap of $1,917 million.

Tenet Healthcare Corp. is an investor-owned health care services company. The company owns or operates general hospitals and related health care facilities serving urban and rural communities in numerous states, and holds investments in other health care companies. The related health care facilities includes a small number of rehabilitation hospitals, specialty hospitals, and long-term care facilities.

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For any feedback and suggestions contact author at Don.Renner@thefoundersdaily.com

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