Ardent Health (NYSE:ARDT) Now Covered by UBS Group

Key Points

• UBS Group initiated coverage of Ardent Health (NYSE: ARDT) with a "buy" rating and set a price target of $17.00, indicating a potential upside of 25.93% from the current price.
• Other analysts have mixed ratings, with Royal Bank of Canada setting a $21.00 price target while Bank of America downgraded their rating to "underperform" with a reduced target of $14.60.
• Ardent Health recently reported earnings of $0.52 EPS, surpassing estimates, and announced it expects to post 1.23 EPS for the current fiscal year.

Stock analysts at UBS Group initiated coverage on shares of Ardent Health (NYSE:ARDT - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage set a "buy" rating and a $17.00 price target on the stock. UBS Group's price target suggests a potential upside of 25.93% from the company's current price.

A number of other analysts have also commented on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $21.00 price objective on shares of Ardent Health in a report on Thursday, May 15th. Bank of America lowered Ardent Health from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $15.50 to $14.60 in a report on Wednesday, July 16th. Wall Street Zen upgraded Ardent Health from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. lowered their price objective on Ardent Health from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Finally, KeyCorp reduced their target price 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. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $19.33.

Ardent Health Stock Performance

Shares of ARDT opened at $13.50 on Wednesday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 5.97 and a beta of 0.30. Ardent Health has a 52-week low of $10.10 and a 52-week high of $20.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.00 and a current ratio of 2.13. The business's fifty day moving average is $12.33 and its 200-day moving average is $13.16.

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

Institutional Investors Weigh In On Ardent Health

Hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Ardent Health in the 4th quarter worth $27,000. CWM LLC lifted its holdings 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 acquiring an additional 2,001 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Ardent Health in the 1st quarter valued at about $36,000. Deutsche Bank AG lifted its holdings 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 acquiring an additional 2,654 shares during the last quarter. Finally, Quarry LP lifted its holdings 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 acquiring an additional 4,710 shares during the last quarter.

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.

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