Tenet Healthcare Corporation (THC) has an average broker rating of 1.87, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Tenet Healthcare Corporation (THC) : The consensus price target for Tenet Healthcare Corporation (THC) is $35.75 for the short term with a standard deviation of $6.45. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $51, however, the pessimist price target for the company is $28.
Also, Major Brokerage house, Citigroup maintains its ratings on Tenet Healthcare Corporation (NYSE:THC). In the latest research report, Citigroup lowers the target price from $36 per share to $31 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 4, 2016.
Tenet Healthcare Corporation (NYSE:THC): The stock opened in the green at $23.23 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $23.34 and a low of $22.46 for the day. The stock did not find buyers even at the lows and closed at $22.8 recording a loss of -1.94%. 2,325,196 shares exchanged hands during the trading day. The stock had closed at $23.25 in the previous days trading.
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.