Ardent Health Partners (ARDT) Projected to Post Quarterly Earnings on Wednesday

Ardent Health Partners (NYSE:ARDT - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Ardent Health Partners to post earnings of $0.45 per share and revenue of $1.48 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Ardent Health Partners Trading Down 6.6 %

Shares of ARDT stock traded down $0.98 during trading hours on Friday, reaching $13.86. 527,624 shares of the company's stock were exchanged, compared to its average volume of 337,948. Ardent Health Partners has a fifty-two week low of $13.63 and a fifty-two week high of $20.72. The business has a fifty day moving average price of $15.44 and a 200-day moving average price of $16.90. The company has a quick ratio of 1.78, a current ratio of 1.91 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Leerink Partners upped their price target on Ardent Health Partners from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Morgan Stanley cut their price target on Ardent Health Partners from $23.50 to $22.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $20.00 price target on shares of Ardent Health Partners in a report on Tuesday, December 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 price target on shares of Ardent Health Partners in a report on Thursday, November 14th. Finally, Truist Financial cut their target price on Ardent Health Partners from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $21.55.

Ardent Health Partners Company Profile

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.