Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Tenet Healthcare Corporation (THC) Share Price
Media stories about Tenet Healthcare Corporation (NYSE:THC) have been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tenet Healthcare Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.578453241181 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Tenet Healthcare Corporation (NYSE:THC) Expected to Announce Quarterly Sales of $4.72 Billion (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Tenet Healthcare Corp. (finance.yahoo.com)
- Tenet Calls for Redemption of 8% Senior Notes due 2020 (finance.yahoo.com)
- Tenet Healthcare Corp. – Value Analysis (NYSE:THC) : August 12, 2017 (finance.yahoo.com)
- BRIEF-Tenet calls for redemption of 8% senior notes due 2020 (feeds.reuters.com)
A number of equities analysts recently issued reports on the company. Citigroup Inc. reaffirmed a “neutral” rating and issued a $16.00 price target (down from $20.00) on shares of Tenet Healthcare Corporation in a report on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $26.00 price target (down from $28.00) on shares of Tenet Healthcare Corporation in a report on Saturday, April 29th. Zacks Investment Research raised Tenet Healthcare Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a report on Monday, July 10th. Wells Fargo & Company raised Tenet Healthcare Corporation from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Tuesday, June 6th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $24.00 price target (down from $28.00) on shares of Tenet Healthcare Corporation in a report on Thursday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tenet Healthcare Corporation has an average rating of “Hold” and a consensus target price of $22.67.
Shares of Tenet Healthcare Corporation (THC) traded up 4.93% during midday trading on Friday, hitting $14.05. The company had a trading volume of 8,988,806 shares. The company’s market cap is $1.42 billion. The stock’s 50-day moving average price is $18.20 and its 200-day moving average price is $18.04. Tenet Healthcare Corporation has a 12 month low of $13.21 and a 12 month high of $25.89.
Tenet Healthcare Corporation (NYSE:THC) last released its quarterly earnings data on Monday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.17). Tenet Healthcare Corporation had a negative return on equity of 2.00% and a negative net margin of 0.97%. The business had revenue of $14.80 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 204.1% compared to the same quarter last year. On average, equities research analysts forecast that Tenet Healthcare Corporation will post $0.83 EPS for the current year.
Tenet Healthcare Corporation Company Profile
Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.
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