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Tenet Healthcare (THC) Stock Price, News & Analysis

$161.71
-2.32 (-1.41%)
(As of 10/17/2024 ET)

About Tenet Healthcare Stock (NYSE:THC)

Key Stats

Today's Range
$161.14
$163.76
50-Day Range
$150.06
$167.98
52-Week Range
$51.04
$171.20
Volume
488,764 shs
Average Volume
1.19 million shs
Market Capitalization
$15.80 billion
P/E Ratio
5.93
Dividend Yield
N/A
Price Target
$156.06
Consensus Rating
Buy

Company Overview

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and/or coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; tertiary care services, such as cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, surgical robotic, and telemedicine access services. In addition, it offers a range of procedures and services, such as orthopedics, total joint replacement, and spinal and other musculoskeletal procedures; gastroenterology; pain management; otolaryngology; ophthalmology; and urology. It operates hospitals, ambulatory surgery centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.

Tenet Healthcare Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

THC MarketRank™: 

Tenet Healthcare scored higher than 97% of companies evaluated by MarketBeat, and ranked 51st out of 1,012 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tenet Healthcare has received a consensus rating of Buy. The company's average rating score is 3.11, and is based on 14 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Tenet Healthcare has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Tenet Healthcare's stock forecast and price target.
  • Earnings Growth

    Earnings for Tenet Healthcare are expected to grow by 2.24% in the coming year, from $10.73 to $10.97 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Tenet Healthcare is 5.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tenet Healthcare is 5.93, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 139.15.

  • Price to Earnings Growth Ratio

    Tenet Healthcare has a PEG Ratio of 0.78. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Tenet Healthcare has a P/B Ratio of 5.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Tenet Healthcare's valuation and earnings.
  • Percentage of Shares Shorted

    3.18% of the float of Tenet Healthcare has been sold short.
  • Short Interest Ratio / Days to Cover

    Tenet Healthcare has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tenet Healthcare has recently decreased by 3.88%, indicating that investor sentiment is improving.
  • Dividend Yield

    Tenet Healthcare does not currently pay a dividend.

  • Dividend Growth

    Tenet Healthcare does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.18% of the float of Tenet Healthcare has been sold short.
  • Short Interest Ratio / Days to Cover

    Tenet Healthcare has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tenet Healthcare has recently decreased by 3.88%, indicating that investor sentiment is improving.
  • News Sentiment

    Tenet Healthcare has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 28 news articles for Tenet Healthcare this week, compared to 8 articles on an average week.
  • Search Interest

    24 people have searched for THC on MarketBeat in the last 30 days. This is an increase of 85% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Tenet Healthcare to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Tenet Healthcare insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,754,997.00 in company stock.

  • Percentage Held by Insiders

    Only 0.93% of the stock of Tenet Healthcare is held by insiders.

  • Percentage Held by Institutions

    95.44% of the stock of Tenet Healthcare is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Tenet Healthcare's insider trading history.
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THC Stock News Headlines

Tenet Healthcare (NYSE:THC) Shares Up 3.5% on Analyst Upgrade
Trump or Kamala? It may come down to this strange twist…
Could this be the key to America's second coming? A strange resurrection born in the hollers of Appalachia? To uncover the full story and learn how you can potentially profit from it...
Tenet Healthcare price target raised to $180 from $170 at Truist
KeyCorp Begins Coverage on Tenet Healthcare (NYSE:THC)
See More Headlines

THC Stock Analysis - Frequently Asked Questions

Tenet Healthcare's stock was trading at $75.57 on January 1st, 2024. Since then, THC shares have increased by 114.0% and is now trading at $161.71.
View the best growth stocks for 2024 here
.

Tenet Healthcare Co. (NYSE:THC) issued its quarterly earnings data on Wednesday, July, 24th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.42. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.98 billion. Tenet Healthcare had a net margin of 13.17% and a trailing twelve-month return on equity of 24.66%.

Tenet Healthcare's Board of Directors approved a stock buyback program on Wednesday, July 24th 2024, which permits the company to buy back $1,500,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 10.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

The following companies are subsidiaries of Tenet Healthcare: SurgCenter Development, United Surgical Partners International, European Surgical Partners Ltd., Aspen Healthcare, Emanuel Medical Center, Texas Regional Medical in Sunnyvale, Vanguard Health Systems, and others.

Tenet Healthcare's top institutional shareholders include Wedge Capital Management L L P NC (0.24%), Portman Square Capital LLP, Artemis Investment Management LLP (0.07%) and Essex Investment Management Co. LLC (0.04%). Insiders that own company stock include Daniel J Cancelmi, Tammy Romo, J Robert Kerrey, Richard J Mark, Nadja West, Paola M Arbour, Meghan Fitzgerald, Christopher S Lynch, Richard W Fisher, Saumya Sutaria, R Scott Ramsey, Thomas W Arnst, Ronald A Rittenmeyer and Audrey T Andrews.
View institutional ownership trends
.

Shares of THC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Tenet Healthcare investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

Last Earnings
7/24/2024
Today
10/17/2024
Next Earnings (Confirmed)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
General medical & surgical hospitals
Sub-Industry
Health Care Facilities
CUSIP
88033G40
Employees
106,500
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$156.06
High Stock Price Target
$200.00
Low Stock Price Target
$85.00
Potential Upside/Downside
-3.5%
Consensus Rating
Buy
Rating Score (0-4)
3.11
Research Coverage
18 Analysts

Profitability

Net Income
$611 million
Pretax Margin
21.68%

Debt

Sales & Book Value

Annual Sales
$20.92 billion
Cash Flow
$17.00 per share
Book Value
$30.69 per share

Miscellaneous

Free Float
94,931,000
Market Cap
$15.80 billion
Optionable
Optionable
Beta
2.14

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This page (NYSE:THC) was last updated on 10/17/2024 by MarketBeat.com Staff
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