Ardent Health, Inc. (NYSE:ARDT) Receives $19.56 Consensus Target Price from Analysts

Key Points

• Analysts have given Ardent Health, Inc. (NYSE: ARDT) an average recommendation of "Moderate Buy," with eight brokerage firms rating it a buy, one hold, and one sell.
• The average target price for Ardent Health shares among analysts is $19.56, while Royal Bank of Canada has set a higher price target of $21.00.
• Recently reported earnings showed Ardent Health beating consensus estimates with $0.52 EPS and revenues of $1.65 billion for the quarter, surpassing expectations.

Ardent Health, Inc. (NYSE:ARDT - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.56.

Several research firms have issued reports on ARDT. JPMorgan Chase & Co. reduced their price objective on Ardent Health from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Bank of America downgraded Ardent Health from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $15.50 to $14.60 in a report on Wednesday, July 16th. Guggenheim increased their price target on Ardent Health from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, May 9th. KeyCorp cut their price target on Ardent Health from $24.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $21.00 price target on shares of Ardent Health in a research note on Thursday, May 15th.

Ardent Health Trading Up 1.2%

NYSE:ARDT traded up $0.15 during trading hours on Friday, hitting $12.68. 186,998 shares of the stock were exchanged, compared to its average volume of 414,983. The company's 50 day moving average is $12.39 and its two-hundred day moving average is $13.28. Ardent Health has a twelve month low of $10.10 and a twelve month high of $20.72. The company has a quick ratio of 2.00, a current ratio of 2.13 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.81 billion and a P/E ratio of 7.00.

Ardent Health (NYSE:ARDT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.22. Ardent Health had a return on equity of 16.66% and a net margin of 4.11%.The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.54 billion. Ardent Health has set its FY 2025 guidance at 1.730-2.01 EPS. On average, sell-side analysts anticipate that Ardent Health will post 1.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ardent Health in the 4th quarter valued at $27,000. CWM LLC lifted its stake in shares of Ardent Health by 990.6% in the 2nd quarter. CWM LLC now owns 2,203 shares of the company's stock valued at $30,000 after purchasing an additional 2,001 shares during the period. Morse Asset Management Inc acquired a new position in shares of Ardent Health in the 1st quarter valued at $36,000. Deutsche Bank AG lifted its stake in shares of Ardent Health by 1,251.9% in the 4th quarter. Deutsche Bank AG now owns 2,866 shares of the company's stock valued at $49,000 after purchasing an additional 2,654 shares during the period. Finally, Quarry LP lifted its stake in shares of Ardent Health by 1,519.4% in the 1st quarter. Quarry LP now owns 5,020 shares of the company's stock valued at $69,000 after purchasing an additional 4,710 shares during the period.

About Ardent Health

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.