Tenet Healthcare Corp (THC) was Downgraded by Mizuho to ” Neutral” and the brokerage firm has set the Price Target at $33. Earlier the firm had a rating of “Buy ” on the company shares. Mizuho advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on Tenet Healthcare Corp. Tenet Healthcare Corp was Upgraded by Susquehanna to ” Positive” on Apr 13, 2016. Company shares were Reiterated by Mizuho on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .Shares were Reiterated by RBC Capital Mkts on Mar 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 30 from a previous price target of $37 .
On the company’s financial health, Tenet Healthcare Corp reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.34. The company had revenue of $5044.00 million for the quarter, compared to analysts expectations of $4793.79 million. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Tenet Healthcare Corp closed down -0.05 points or -0.16% at $31.64 with 25,47,285 shares getting traded on Monday. Post opening the session at $31.69, the shares hit an intraday low of $30.55 and an intraday high of $32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jul 15, 2015, Trevor Fetter (Chairman and CEO) sold 184,481 shares at $60.25 per share price. According to the SEC, on Jun 5, 2015, R. Scott Ramsey (Principal Accounting Officer) sold 5,650 shares at $51.64 per share price. On Mar 5, 2015, Audrey T. Andrews (SVP and General Counsel) sold 4,396 shares at $46.59 per share price, according to the Form-4 filing with the securities and exchange commission.
Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused integrated healthcare delivery networks in large urban and suburban markets. As of December 31 2014 it operated 80 hospitals 210 outpatient centers six health plans and Conifer Health Solutions LLC (Conifer) which provides healthcare business process services in the areas of revenue cycle management value-based care and patient communications. It provides operational management for revenue cycle functions including patient access health information management revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration financial risk management and population health management. It has two operating segments: Hospital Operations and other and Conifer.