During the last session, Tenet Healthcare Corp (NYSE:THC)’s traded shares were 1.24 million, with the beta value of the company hitting 1.63. At the end of the trading day, the stock’s price was $152.32, reflecting an intraday gain of 0.55% or $0.84. The 52-week high for the THC share is $171.20, that puts it down -12.39 from that peak though still a striking 27.9% gain since the share price plummeted to a 52-week low of $109.82. The company’s market capitalization is $14.15B, and the average trade volume was 1.76 million shares over the past three months.
Tenet Healthcare Corp (THC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.52. THC has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 9 recommend a Buy rating for it.
Tenet Healthcare Corp (NYSE:THC) trade information
Tenet Healthcare Corp (THC) registered a 0.55% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.55% in intraday trading to $152.32, hitting a weekly high. The stock’s 5-day price performance is 6.55%, and it has moved by 27.23% in 30 days. Based on these gigs, the overall price performance for the year is 26.64%.
The consensus price target of analysts on Wall Street is $165, which implies an increase of 7.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $140 and $185 respectively. As a result, THC is trading at a discount of -21.45% off the target high and 8.09% off the low.
While earnings are projected to return 5.83% in 2025, the next five years will return 9.25% per annum.
THC Dividends
Tenet Healthcare Corp is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 9.88 million shares, is of BLACKROCK INC.’s that is approximately 10.1619% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.31 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Tenet Healthcare Corp (THC) shares are Pacer Funds Trust-Pacer US Cash Cows 100 ETF and iShares Trust-iShares Core S&P Mid-Cap ETF . Data provided on Jan 31, 2025 indicates that Pacer Funds Trust-Pacer US Cash Cows 100 ETF owns about 3.78 shares. This amounts to just over 4.07 percent of the company’s overall shares, with a $575.36 million market value. The same data shows that the other fund manager holds slightly less at 3.11, or about 3.34% of the stock, which is worth about $473.13 million.
