Tenet Healthcare Corporation (NYSE:THC) has a beta value of 2.32 and has seen 979,857 shares traded in the last trading session. The company, currently valued at $3.01 Billion, closed the last trade at $28.37 per share which meant it lost -$1.21 on the day or -4.09% during that session. The THC stock price is -38.77% off its 52-week high price of $39.37 and 64.75% above the 52-week low of $10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 941.52 Million shares traded. The 3-month trading volume is 1.69 Million shares.
The consensus among analysts is that Tenet Healthcare Corporation (THC) is an Overweight stock at the moment, with a recommendation rating of 2.6. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 12 out of 19 have rated it as a Hold, with 6 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.25.
Tenet Healthcare Corporation (NYSE:THC) trade information
Despite being -4.09% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Sep 15 when the THC stock price touched $29.97- or saw a rise of 5.34%. Year-to-date, Tenet Healthcare Corporation shares have moved -25.4%, while the 5-day performance has seen it change -0.14%. Over the past 30 days, the shares of Tenet Healthcare Corporation (NYSE:THC) have changed -2.44%. Short interest in the company has seen 7.99 Million shares shorted with days to cover at 4.73.
Wall Street analysts have a consensus price target for the stock at $30.65, which means that the shares’ value could jump 8.04% from current levels. The projected low price target is $20 while the price target rests at a high of $40. In that case, then, we find that the current price level is +40.99% off the targeted high while a plunge would see the stock lose -29.5% from current levels.
Tenet Healthcare Corporation (THC) estimates and forecasts
Figures show that Tenet Healthcare Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +115.74% over the past 6 months, with this year growth rate of 43.66%, compared to 4.6% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -56.9% and 4% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.3%.
15 analysts offering their estimates for the company have set an average revenue estimate of $4.39 Billion for the current quarter. 15 have an estimated revenue figure of $4.87 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $4.57 Billion and $4.81 Billion respectively for this quarter and the next, and analysts expect sales will grow by -3.8% for the current quarter and 1.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -54.9% over the past 5 years. Earnings growth for 2020 is a modest -326.1% while over the next 5 years, the company’s earnings are expected to increase by 11.76%.