Tenet Healthcare Corporation (NYSE:THC) has been assigned a $20.00 price target by research analysts at Jefferies Group LLC in a report issued on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 40.06% from the company’s previous close. Jefferies Group also issued estimates for Tenet Healthcare Corporation’s Q4 2017 earnings at $1.38 EPS, FY2017 earnings at $0.78 EPS and FY2018 earnings at $1.21 EPS.

Other research analysts have also recently issued research reports about the stock. Citigroup Inc. restated a “neutral” rating and set a $16.00 price target (down previously from $20.00) on shares of Tenet Healthcare Corporation in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Tenet Healthcare Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and set a $24.00 price target (down previously from $28.00) on shares of Tenet Healthcare Corporation in a research note on Thursday, August 10th. Robert W. Baird restated an “outperform” rating and set a $23.00 price target on shares of Tenet Healthcare Corporation in a research note on Thursday, August 10th. Finally, SunTrust Banks, Inc. set a $15.00 price target on shares of Tenet Healthcare Corporation and gave the stock a “hold” rating in a research note on Sunday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.33.

Shares of Tenet Healthcare Corporation (THC) opened at 14.28 on Monday. Tenet Healthcare Corporation has a 52 week low of $12.25 and a 52 week high of $22.72. The firm’s market cap is $1.44 billion. The firm’s 50-day moving average price is $15.04 and its 200 day moving average price is $16.74.

Tenet Healthcare Corporation (NYSE:THC) last released its earnings results on Monday, August 7th. The company reported ($0.17) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). Tenet Healthcare Corporation had a negative net margin of 2.85% and a negative return on equity of 5.11%. The business had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue was up 204.1% on a year-over-year basis. Equities analysts anticipate that Tenet Healthcare Corporation will post $0.76 EPS for the current year.

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Large investors have recently bought and sold shares of the company. Harris Associates L P increased its holdings in shares of Tenet Healthcare Corporation by 1.4% in the second quarter. Harris Associates L P now owns 7,733,435 shares of the company’s stock valued at $149,565,000 after purchasing an additional 108,070 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Tenet Healthcare Corporation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,995,269 shares of the company’s stock valued at $135,289,000 after purchasing an additional 407,910 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Tenet Healthcare Corporation by 25.0% in the second quarter. Franklin Resources Inc. now owns 5,000,000 shares of the company’s stock valued at $96,700,000 after purchasing an additional 1,000,000 shares in the last quarter. FMR LLC increased its holdings in shares of Tenet Healthcare Corporation by 36.9% in the second quarter. FMR LLC now owns 3,724,713 shares of the company’s stock valued at $72,036,000 after purchasing an additional 1,004,700 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Tenet Healthcare Corporation by 25.4% in the second quarter. State Street Corp now owns 2,926,533 shares of the company’s stock valued at $56,603,000 after purchasing an additional 593,520 shares in the last quarter.

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.

Analyst Recommendations for Tenet Healthcare Corporation (NYSE:THC)

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