In the latest trading session,, 0.99 million Tenet Healthcare Corp (NYSE:THC) shares changed hands as the company’s beta touched 1.66. With the company’s most recent per share price at $162.10 changing hands around $5.54 or 3.54% at last look, the market valuation stands at $15.06B. THC’s current price is a discount, trading about -7.43% off its 52-week high of $174.14. The share price had its 52-week low at $109.82, which suggests the last value was 32.25% up since then.
Analysts gave the Tenet Healthcare Corp (THC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended THC as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Tenet Healthcare Corp’s EPS for the current quarter is expected to be 2.87.
Tenet Healthcare Corp (NYSE:THC) trade information
Instantly THC is in green as seen in intraday trades today. With action -4.58%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 28.42%, with the 5-day performance at -4.58% in the red. However, in the 30-day time frame, Tenet Healthcare Corp (NYSE:THC) is 4.87% up.
The consensus price target for the stock as assigned by Wall Street analysts is 165, meaning bulls need an upside of 1.76% from its recent market value. According to analyst projections, THC’s forecast low is 140 with 185 as the target high. To hit the forecast high, the stock’s price needs a -14.13% plunge from its current level, while the stock would need to tank 13.63% for it to hit the projected low.
Tenet Healthcare Corp (THC) estimates and forecasts
Year-over-year growth is forecast to reach 1.23% up from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 5.16B. 16 analysts are of the opinion that Tenet Healthcare Corp’s revenue for the current quarter will be 5.17B. The company’s revenue for the corresponding quarters a year ago was 5.1B and 5.12B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.10%. The estimates for the next quarter sales put growth at 0.92%.
The 2025 estimates are for Tenet Healthcare Corp earnings to increase by 7.77%, but the outlook for the next 5-year period is at 9.49% per year.
THC Dividends
Tenet Healthcare Corp is expected to release its next quarterly earnings report in July.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.1619% or 9.88 million shares worth $1.31 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Pacer Funds Trust-Pacer US Cash Cows 100 ETF and iShares Trust-iShares Core S&P Mid-Cap ETF . With 3.78 shares estimated at $608.0 million under it, the former controlled 4.07% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held about 3.31% of the shares, roughly 3.08 shares worth around $495.6 million.
