Analyst Ratings for Tenet Healthcare Corp. (THC)

Updated: 2017-07-29

An average rating of Overweight has been given to Tenet Healthcare Corp. (NYSE:THC) by analysts covering the stock. Last month, THC received an average rating of Overweight.

Of the 20 analysts covering the stock, 5 gave it a buy rating, 1 gave an overweight rating, 14 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for THC. The most optimistic analyst gave a price target of 28, implying potential capital gains of 57.48 percent. The minimum price target given was 18, implying a possible loss of 1.24 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 8.2 percent. That number becomes -227.78 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -1.67 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 3.51 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 4 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.

In the trailing 52-weeks, THC hit 30.84 at the highest peak, while it's lowest trading point was 14.06. Currently the stock is 26.46 percent higher than its low, and 42.35 percent lower than its 52-week high. THC has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The THC value stock report compares THC to some of its peers using value stock charts. The market cap of THC is $1.79 billion. THC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.