Media headlines about Tenet Healthcare Corporation (NYSE:THC) have been trending positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tenet Healthcare Corporation earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.5038474006393 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Edited Transcript of THC earnings conference call or presentation 4-Nov-14 3:00pm GMT (finance.yahoo.com)
- Health systems at odds over new hospitals proposed in Troy, Middletown (daytondailynews.com)
- Tenet Healthcare Corporation (THC) Short Interest Down 14.2% in September (americanbankingnews.com)
- After Deal With Loyola, Tenet Has Its Foot Out The Door In Chicago (khn.org)
- Trump unleases Obamacare chaos as he halts insurer subsidy (healthdatamanagement.com)
THC has been the subject of several analyst reports. Zacks Investment Research raised Tenet Healthcare Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Monday, July 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Tenet Healthcare Corporation in a report on Tuesday, July 18th. BidaskClub cut Tenet Healthcare Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and set a $24.00 price target (down previously from $26.00) on shares of Tenet Healthcare Corporation in a report on Tuesday, August 8th. Finally, Credit Suisse Group lowered their price target on Tenet Healthcare Corporation from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Tenet Healthcare Corporation presently has an average rating of “Hold” and an average target price of $20.60.
Shares of Tenet Healthcare Corporation (THC) traded up 5.34% during trading on Tuesday, reaching $13.60. The company’s stock had a trading volume of 6,386,629 shares. The stock’s 50-day moving average is $16.16 and its 200-day moving average is $17.06. The stock’s market cap is $1.37 billion. Tenet Healthcare Corporation has a 12-month low of $12.25 and a 12-month high of $24.13.
Tenet Healthcare Corporation (NYSE:THC) last announced its quarterly earnings results on Monday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.17). Tenet Healthcare Corporation had a negative return on equity of 2.00% and a negative net margin of 0.97%. The company had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business earned $0.38 EPS. Tenet Healthcare Corporation’s revenue was up 204.1% compared to the same quarter last year. Equities research analysts anticipate that Tenet Healthcare Corporation will post $0.76 earnings per share for the current fiscal year.
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Tenet Healthcare Corporation Company Profile
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.
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