Tenet Healthcare Corporation (THC) Receives $23.75 Average Price Target from Brokerages

Gladys Abbott
July 9, 2017

Therefore 39% are positive. On average, equities research analysts forecast that Tenet Healthcare Corporation will post $1.19 EPS for the current year. Wells Fargo & Company raised Tenet Healthcare Corporation from a "market perform" rating to an "outperform" rating and set a $22.00 target price for the company in a report on Tuesday, June 6th. Citigroup maintained the shares of THC in report on Wednesday, May 4 with "Neutral" rating. Bank of America downgraded Tenet Healthcare Corp (NYSE:THC) on Wednesday, November 9 to "Neutral" rating. Liberum Capital maintained Shaftesbury plc (LON:SHB) on Thursday, January 5 with "Hold" rating.

Press coverage about Tenet Healthcare Corporation (NYSE:THC) has trended positive on Monday, according to Accern. Mizuho upgraded the shares of THC in report on Friday, February 24 to "Neutral" rating. The correct version of this news story can be accessed at https://www.thestockobserver.com/2017/07/08/tenet-healthcare-corporation-thc-given-consensus-recommendation-of-hold-by-brokerages-updated-updated.html. Past 5 years growth of the company observed at -14.47%, and for the next five years the analysts that follow the company are expecting its growth at 25.8%. They set an "equal weight" rating and a $19.00 price objective on the stock. The company reported ($0.27) EPS for the quarter, topping the Zacks' consensus estimate of ($0.52) by $0.25. After having $0.31 EPS previously, Knoll Inc's analysts see 19.35% EPS growth. About 22,272 shares traded or 654.22% up from the average. Shaftesbury plc (LON:SHB) has 0.00% since July 7, 2016 and is. It has outperformed by 19.22% the S&P500.

Among 2 analysts covering Knoll (NYSE:KNL), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 75% are positive.

Several analysts have issued reports on the company. On Tuesday, January 10 the insider MIZELL STEVEN sold $274,114. The rating was maintained by Liberum Capital on Wednesday, November 25 with "Buy".

01/10/2017 - Tenet Healthcare Corporation had its "buy" rating reiterated by analysts at UBS. The stock of SHS VIVEON AG (ETR:SHWK) earned "Buy" rating by Bankhaus Lampe on Tuesday, September 15. On Friday, September 4 the stock rating was upgraded by BMO Capital Markets to "Outperform". The rating was reinitiated by Goldman Sachs with "Neutral" on Tuesday, July 21. Jefferies maintained it with "Buy" rating and $2600 target in Thursday, June 1 report.

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Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.15, from 0.81 in 2016Q3. It increased, as 53 investors sold THC shares while 70 reduced holdings. 33 funds opened positions while 58 raised stakes. The company have shares float of 834.27 million. Moreover, Rudman Errol M has 2.07% invested in the company for 200,900 shares. Mesirow Fincl Invest Management holds 1.15% or 923,865 shares in its portfolio. Accipiter Capital Mngmt Lc accumulated 300,000 shares or 3.54% of the stock. Investors may also be paying close concentration to some simple moving average indicators on shares of Kindred Healthcare, Inc. GSA Capital Partners LLP now owns 13,878 shares of the company's stock worth $206,000 after buying an additional 2,856 shares during the period. Kcg Inc has 20,655 shares for 0.01% of their portfolio. Pnc Svcs Group Incorporated holds 0% or 4,352 shares in its portfolio. Wells Fargo & Mn owns 133,306 shares or 0% of their U.S. portfolio. State Treasurer State Of Michigan owns 32,000 shares. Boston Advsr Ltd Com holds 45,065 shares. Blackrock Gru Ltd accumulated 1.83M shares. Marathon Asset Limited Liability Partnership accumulated 127,916 shares. Brandywine Inv Management Limited Co has invested 0.04% of its portfolio in Knoll Inc (NYSE:KNL). 49,995 shares were sold by SMITH KEITH, worth $1.28 million on Wednesday, June 7. 11,346 shares were sold by Preete Kerry J, worth $1.33M on Monday, May 1. The company has market cap of 2.71 billion GBP. The Firm operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and MS, as of December 31, 2016.

P/E ratio of the company is 24.54.

Investors sentiment increased to 0.96 in 2016 Q4. FOSL has a 1-week performance of 0.62%. KBC Group NV purchased a new position in Tenet Healthcare Corp during the first quarter valued at $3,523,000. 44 funds opened positions while 74 raised stakes. The stock of Tenet Healthcare Corp (NYSE:THC) has "Neutral" rating given on Wednesday, October 5 by Mizuho. Saba Cap Lp has invested 0.26% in Tenet Healthcare Corp (NYSE:THC). It also reduced Home Depot Inc (NYSE:HD) stake by 12,300 shares and now owns 114,075 shares. Legal & General Grp Incorporated Pcl holds 228,951 shares or 0% of its portfolio.

In the transaction dated October 22, 2015, the great number of shares acquired came courtesy the 10% Owner; GLENVIEW CAPITAL MANAGEMENT, L added a total of 500,000 shares at an average price of $29.71, amounting to approximately $14,855,000.

Tenet Healthcare Corporation (NYSE:THC) last posted its quarterly earnings results on Monday, May 1st. Gruss Capital L P has invested 0.03% in Tenet Healthcare Corp (NYSE:THC). Bank of Montreal Can boosted its position in Tenet Healthcare Corp by 119.3% in the first quarter. Cubist Systematic Strategies Ltd Llc has 29,014 shares for 0.03% of their portfolio. The stock's market capitalization is 1.92B. 8,700 are owned by Wolverine Asset Mgmt Limited Co. Price Michael F reported 0.45% of its portfolio in Tenet Healthcare Corp (NYSE:THC). Tenet Healthcare Corp now has $1.84 billion valuation. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. It now has negative earnings. The Company's segments include Hospital Operations and Other, Ambulatory Care and Conifer. About 753,487 shares traded.

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