Ardent Health Partners, LLC (NYSE:ARDT) Given Average Recommendation of "Buy" by Brokerages

Ardent Health Partners, LLC (NYSE:ARDT - Get Free Report) has received an average recommendation of "Buy" from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $21.91.

ARDT has been the subject of several research reports. Mizuho initiated coverage on Ardent Health Partners in a research report on Monday, August 12th. They set an "outperform" rating and a $20.00 price objective for the company. Morgan Stanley initiated coverage on Ardent Health Partners in a research report on Monday, August 12th. They set an "overweight" rating and a $27.00 price objective for the company. KeyCorp initiated coverage on Ardent Health Partners in a research report on Friday, October 11th. They set an "overweight" rating and a $24.00 price objective for the company. Bank of America began coverage on Ardent Health Partners in a research report on Monday, August 12th. They set a "buy" rating and a $22.00 price objective for the company. Finally, Loop Capital initiated coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a "buy" rating and a $18.00 target price for the company.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in Ardent Health Partners in the 3rd quarter worth $13,119,000. Seven Grand Managers LLC bought a new position in Ardent Health Partners in the 3rd quarter worth $2,298,000. Finally, Financial Management Professionals Inc. bought a new position in Ardent Health Partners in the 3rd quarter worth $50,000.

Ardent Health Partners Stock Down 0.9 %

Shares of ARDT stock traded down $0.16 during mid-day trading on Friday, hitting $17.74. The stock had a trading volume of 175,312 shares, compared to its average volume of 396,069. Ardent Health Partners has a fifty-two week low of $15.00 and a fifty-two week high of $20.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.54 and a current ratio of 1.65. The company has a 50-day simple moving average of $18.51.

Ardent Health Partners (NYSE:ARDT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. As a group, analysts expect that Ardent Health Partners will post 1.25 EPS for the current year.

About Ardent Health Partners

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.