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Tenet Healthcare (THC) Stock Price, News & Analysis

$161.15
+4.19 (+2.67%)
(As of 09/18/2024 ET)

About Tenet Healthcare Stock (NYSE:THC)

Key Stats

Today's Range
$155.81
$162.86
50-Day Range
$130.68
$165.85
52-Week Range
$51.04
$166.89
Volume
1.37 million shs
Average Volume
1.21 million shs
Market Capitalization
$15.74 billion
P/E Ratio
6.25
Dividend Yield
N/A
Price Target
$152.69
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

Overall MarketRank™: 96th Percentile

Tenet Healthcare scored higher than 96% of companies evaluated by MarketBeat, and ranked 45th out of 1,015 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 3.06, 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 2.62% in the coming year, from $10.70 to $10.98 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Tenet Healthcare is 6.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tenet Healthcare is 6.25, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 139.54.

  • Price to Earnings Growth Ratio

    Tenet Healthcare has a PEG Ratio of 0.80. 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 5.25. 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

    3.37% 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 2.6, 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 4.55%, 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

    3.37% 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 2.6, 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 4.55%, indicating that investor sentiment is improving.
  • News Sentiment

    Tenet Healthcare has a news sentiment score of 0.67. 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 news sentiment score is similar to the average news sentiment of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Tenet Healthcare this week, compared to 7 articles on an average week.
  • Search Interest

    Only 17 people have searched for THC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    10 people have added Tenet Healthcare to their MarketBeat watchlist in the last 30 days. This is an increase of 67% 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.

THC Stock News Headlines

China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
See More Headlines

THC Stock Analysis - Frequently Asked Questions

Tenet Healthcare's stock was trading at $75.57 at the beginning of the year. Since then, THC stock has increased by 113.2% and is now trading at $161.15.
View the best growth stocks for 2024 here
.

Tenet Healthcare Co. (NYSE:THC) posted its earnings results 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 earned $5.10 billion during the quarter, compared to analysts' expectations of $4.98 billion. Tenet Healthcare had a trailing twelve-month return on equity of 24.66% and a net margin of 13.17%.

Tenet Healthcare's Board of Directors initiated a stock repurchase plan on Wednesday, July 24th 2024, which allows the company to buy back $1,500,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 10.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors 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 more.

Top institutional shareholders of Tenet Healthcare include Dimensional Fund Advisors LP (1.34%), Bank of New York Mellon Corp (0.94%), Marshall Wace LLP (0.73%) and Farallon Capital Management LLC (0.70%). 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 Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA), Walt Disney (DIS), General Electric (GE), Delta Air Lines (DAL) and Bank of America (BAC).

Company Calendar

Last Earnings
7/24/2024
Today
9/18/2024
Next Earnings (Estimated)
11/04/2024
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
$152.69
High Stock Price Target
$197.00
Low Stock Price Target
$85.00
Potential Upside/Downside
-4.0%
Consensus Rating
Buy
Rating Score (0-4)
3.06
Research Coverage
17 Analysts

Profitability

Net Income
$611 million
Pretax Margin
21.68%

Debt

Sales & Book Value

Annual Sales
$20.92 billion
Cash Flow
$16.35 per share
Book Value
$30.69 per share

Miscellaneous

Free Float
96,775,000
Market Cap
$15.54 billion
Optionable
Optionable
Beta
2.14

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This page (NYSE:THC) was last updated on 9/18/2024 by MarketBeat.com Staff
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