Somewhat Favorable News Coverage Somewhat Unlikely to Impact Tenet Healthcare Corporation (THC) Share Price
Headlines about Tenet Healthcare Corporation (NYSE:THC) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. 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 daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the company an impact score of 43.7618990572679 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Comparing Tenet Healthcare Corporation (THC) and Its Peers (americanbankingnews.com)
- Tenet Healthcare Corporation (THC) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Tenet Healthcare Corporation (THC) vs. Its Rivals Head to Head Comparison (americanbankingnews.com)
- Tenet Healthcare Corporation (THC) Research Coverage Started at Credit Suisse Group AG (americanbankingnews.com)
- Tenet Healthcare Corporation to Post Q4 2017 Earnings of $1.38 Per Share, Jefferies Group Forecasts (THC) (americanbankingnews.com)
Several research analysts recently commented on THC shares. Mizuho reaffirmed a “neutral” rating and issued a $14.00 target price on shares of Tenet Healthcare Corporation in a research report on Thursday, September 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $24.00 target price (down from $26.00) on shares of Tenet Healthcare Corporation in a research report on Tuesday, August 8th. Credit Suisse Group reduced their target price on Tenet Healthcare Corporation from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $24.00 target price (down from $28.00) on shares of Tenet Healthcare Corporation in a research report on Thursday, August 10th. Finally, Leerink Swann reaffirmed an “outperform” rating and issued a $30.00 target price (up from $23.00) on shares of Tenet Healthcare Corporation in a research report on Sunday, August 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Tenet Healthcare Corporation currently has an average rating of “Hold” and a consensus price target of $20.20.
Shares of Tenet Healthcare Corporation (THC) traded down $1.27 during trading hours on Friday, hitting $13.08. The stock had a trading volume of 4,433,623 shares, compared to its average volume of 3,893,269. The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 14.23.
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About Tenet Healthcare Corporation
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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