Price Target Update on Tenet Healthcare Corporation (NYSE:THC)

Tenet Healthcare Corporation (NYSE:THC) : The highest level Tenet Healthcare Corporation (NYSE:THC) is projected to reach is $62 for the short term and the lowest estimate is at $30. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $39.87 and the possibility the share price can swing is $7.75.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Ladenburg Thalmann upgrades its rating on Tenet Healthcare Corporation (NYSE:THC).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Not Rated by the brokerage firm. The rating by the firm was issued on June 13, 2016.

Tenet Healthcare Corporation (NYSE:THC): stock turned positive on Thursday. Though the stock opened at $28.41, the bulls momentum made the stock top out at $29.52 level for the day. The stock recorded a low of $28.32 and closed the trading day at $29.38, in the green by 4.93%. The total traded volume for the day was 1,889,324. The stock had closed at $28 in the previous days trading.

The company shares have dropped -50.19% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $60.93 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $29.04 and the 200 Day Moving Average price is recorded at $28.14. On the companys insider trading activities, The director officer (Chairman and CEO), of Tenet Healthcare Corp, Fetter Trevor had unloaded 83,443 shares at $60.02 per share in a transaction on July 6, 2015. The total value of transaction was $5,008,249. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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