Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Tenet Healthcare Corporation (THC) Share Price
Media stories about Tenet Healthcare Corporation (NYSE:THC) have trended somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tenet Healthcare Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.5868208221378 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Tenet Healthcare Corporation (NYSE:THC) Experiences Heavier than Average Trading Volume – Modern Readers (modernreaders.com)
- Tenet to Present at Investor Conferences in September (finance.yahoo.com)
- Tenet Healthcare Corp. breached its 50 day moving average in a Bullish Manner : THC-US : August 30, 2017 (finance.yahoo.com)
- Tenet Healthcare Corporation (THC) Sees Significant Growth in Short Interest (americanbankingnews.com)
- Tenet Healthcare Corporation (THC) Expected to Post Quarterly Sales of $4.74 Billion (americanbankingnews.com)
Shares of Tenet Healthcare Corporation (NYSE:THC) traded down 3.69% during trading on Wednesday, hitting $16.97. The company had a trading volume of 2,502,681 shares. Tenet Healthcare Corporation has a 12-month low of $12.54 and a 12-month high of $24.86. The firm has a 50 day moving average of $17.03 and a 200 day moving average of $17.80. The stock’s market cap is $1.71 billion.
Tenet Healthcare Corporation (NYSE:THC) last posted its quarterly earnings results on Monday, August 7th. The company reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The firm had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The business’s revenue was up 204.1% compared to the same quarter last year. On average, analysts forecast that Tenet Healthcare Corporation will post $0.83 earnings per share for the current fiscal year.
Several analysts recently issued reports on THC shares. Credit Suisse Group raised their price target on Tenet Healthcare Corporation from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and issued a $24.00 price target (down previously from $26.00) on shares of Tenet Healthcare Corporation in a report on Tuesday, August 8th. Deutsche Bank AG reissued a “buy” rating and issued a $24.00 price target (down previously from $28.00) on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. Leerink Swann reaffirmed an “outperform” rating and set a $30.00 target price (up previously from $23.00) on shares of Tenet Healthcare Corporation in a research note on Sunday, August 20th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $23.00 target price on shares of Tenet Healthcare Corporation in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tenet Healthcare Corporation has a consensus rating of “Hold” and a consensus price target of $21.43.
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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