Tenet Healthcare (THC) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $125.44 to $130.79
• 50-Day Range: $125.70 to $168.53
• 52-Week Range: $73.21 to $171.20
• Volume: 7.37 million shs
• Average Volume: 1.25 million shs
• Market Capitalization: $12.31 billion
• P/E Ratio: 4.15
• Dividend Yield: N/A
• Price Target: $166.88
• Consensus Rating: Moderate Buy

Tenet Healthcare Stock Analysis - MarketRank™

Tenet Healthcare scored higher than 99% of companies evaluated by MarketBeat, and ranked 28th out of 947 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Tenet Healthcare has received a consensus rating of Moderate Buy. The company's average rating score is 2.94, and is based on 12 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tenet Healthcare has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 1.14%

Earnings Growth

Earnings for Tenet Healthcare are expected to grow by 1.14% in the coming year, from $11.38 to $11.51 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tenet Healthcare is 4.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tenet Healthcare is 4.15, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 135.07.

Price to Earnings Growth Ratio

Tenet Healthcare has a PEG Ratio of 0.61. 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 4.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.61% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenet Healthcare has recently increased by 16.83%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Tenet Healthcare does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: 4.3 / 5
• Environmental Score: -0.90

Percentage of Shares Shorted

2.61% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenet Healthcare has recently increased by 16.83%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.52

News Sentiment

Tenet Healthcare has a news sentiment score of 0.52. 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 lower news sentiment than the 0.62 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 23 news articles for Tenet Healthcare this week, compared to 10 articles on an average week.

Search Interest

Only 6 people have searched for THC on MarketBeat in the last 30 days. This is a decrease of -82% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Tenet Healthcare to their MarketBeat watchlist in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $623,760.00 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.

THC Stock Analysis - Frequently Asked Questions

How have THC shares performed this year?

Tenet Healthcare's stock was trading at $75.57 at the beginning of the year. Since then, THC stock has increased by 71.3% and is now trading at $129.46.
View the best growth stocks for 2024 here.

How were Tenet Healthcare's earnings last quarter?

Tenet Healthcare Co. (NYSE:THC) released its quarterly earnings data on Tuesday, October, 29th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.60. The firm's quarterly revenue was up 1.1% on a year-over-year basis.

Is Tenet Healthcare doing a stock buyback?

Tenet Healthcare's board authorized a stock buyback plan on Wednesday, July 24th 2024, which allows the company to buy back $1,500,000,000 in shares, according to EventVestor. This means that the company could buy up to 10.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Does Tenet Healthcare have any subsidiaries?

Tenet Healthcare subsidiaries include 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.

Who are Tenet Healthcare's major shareholders?

Tenet Healthcare's top institutional shareholders include FMR LLC (8.10%), State Street Corp (3.06%), Geode Capital Management LLC (2.15%) and Charles Schwab Investment Management Inc. (0.71%). Insiders that own company stock include Daniel J Cancelmi, Tammy Romo, J Robert Kerrey, Richard J Mark, Nadja West, Paola M Arbour, Lisa Y Foo, Meghan Fitzgerald, Christopher S Lynch, Richard W Fisher, Saumya Sutaria, R Scott Ramsey, Thomas W Arnst and Ronald A Rittenmeyer.
View institutional ownership trends.

How do I buy shares of Tenet Healthcare?

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.

What other stocks do shareholders of Tenet Healthcare own?

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: 10/29/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Medical
• Industry: General medical & surgical hospitals
• Sub-Industry: Health Care Facilities
• Current Symbol: NYSE:THC
• CUSIP: 88033G40
• CIK: 70318
• Web: www.tenethealth.com
• Phone: (469) 893-2200
• Fax: 469-893-8600
• Employees: 106,500
• Year Founded: 1969

Price Target and Rating

• Average Stock Price Target: $166.88
• High Stock Price Target: $217.00
• Low Stock Price Target: $122.00
• Potential Upside/Downside: +28.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.94
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $31.21
• Trailing P/E Ratio: 4.15
• Forward P/E Ratio: 11.38
• P/E Growth: 0.61
• Net Income: $611 million
• Net Margins: 14.91%
• Pretax Margin: 24.38%
• Return on Equity: 24.05%
• Return on Assets: 3.85%

Debt

• Debt-to-Equity Ratio: 2.35
• Current Ratio: 1.58
• Quick Ratio: 1.52

Sales & Book Value

• Annual Sales: $20.55 billion
• Price / Sales: 0.60
• Cash Flow: $15.36 per share
• Price / Cash Flow: 8.43
• Book Value: $30.69 per share
• Price / Book: 4.22

Miscellaneous

• Outstanding Shares: 95,100,000
• Free Float: 94,213,000
• Market Cap: $12.31 billion
• Optionable: Optionable
• Beta: 2.06