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NYSE:THC

Tenet Healthcare Stock Forecast, Price & News

$32.88
+0.32 (+0.98 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$32.50
Now: $32.88
$33.29
50-Day Range
$24.54
MA: $29.25
$33.56
52-Week Range
$10.00
Now: $32.88
$39.37
Volume332,082 shs
Average Volume1.90 million shs
Market Capitalization$3.47 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.41
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates through three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedures, acute level 1 trauma services, intravascular stroke care, minimally invasive cardiac valve replacement, imaging technology, and telemedicine access for various medical specialties. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical, off-campus emergency, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, as well as value-based care solutions to healthcare systems, individual hospitals, physician practices, self-insured organizations, health plans, and other entities. As of December 31, 2019, the company operated 65 hospitals, 24 surgical hospitals, and approximately 159 outpatient centers, as well as 260 ambulatory surgery, 39 urgent care, and 23 imaging centers in the United States. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.02 out of 5 stars


Industry, Sector and Symbol

Industry General medical & surgical hospitals
Sub-IndustryHealth Care Facilities
SectorMedical
CUSIP88033G40
Phone469-893-2200
Employees110,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$18.48 billion
Cash Flow$13.10 per share
Book Value$4.65 per share

Profitability

Net Income$-232,000,000.00

Miscellaneous

Market Cap$3.47 billion
Next Earnings Date2/22/2021 (Estimated)
OptionableOptionable
$32.88
+0.32 (+0.98 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Tenet Healthcare (NYSE:THC) Frequently Asked Questions

How has Tenet Healthcare's stock been impacted by COVID-19?

Tenet Healthcare's stock was trading at $19.99 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, THC shares have increased by 64.5% and is now trading at $32.88.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Tenet Healthcare?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenet Healthcare in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Tenet Healthcare
or view MarketBeat's 5 newest stock picks.

What stocks does MarketBeat like better than Tenet Healthcare?

Wall Street analysts have given Tenet Healthcare a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Tenet Healthcare wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Tenet Healthcare's next earnings date?

Tenet Healthcare is scheduled to release its next quarterly earnings announcement on Monday, February 22nd 2021.
View our earnings forecast for Tenet Healthcare
.

How were Tenet Healthcare's earnings last quarter?

Tenet Healthcare Co. (NYSE:THC) announced its earnings results on Tuesday, October, 20th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.31 by $0.33. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.39 billion. Tenet Healthcare had a negative net margin of 0.28% and a positive return on equity of 82.35%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share.
View Tenet Healthcare's earnings history
.

What price target have analysts set for THC?

12 brokerages have issued 1 year price targets for Tenet Healthcare's stock. Their forecasts range from $20.00 to $43.00. On average, they expect Tenet Healthcare's share price to reach $30.62 in the next year. This suggests that the stock has a possible downside of 6.9%.
View analysts' price targets for Tenet Healthcare
.

Who are some of Tenet Healthcare's key competitors?

What other stocks do shareholders of Tenet Healthcare own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tenet Healthcare investors own include Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA), The Walt Disney (DIS), General Electric (GE), Delta Air Lines (DAL), Bank of America (BAC), Intel (INTC), Netflix (NFLX) and NVIDIA (NVDA).

Who are Tenet Healthcare's key executives?

Tenet Healthcare's management team includes the following people:
  • Mr. Ronald A. Rittenmeyer, Exec. Chairman & CEO (Age 73, Pay $8.29M)
  • Dr. Saumya Sutaria M.D., Pres, COO & Director (Age 47, Pay $2.95M)
  • Mr. Daniel J. Cancelmi, CFO & Exec. VP (Age 57, Pay $2.06M)
  • Ms. Paola M. Arbour, Exec. VP & Chief Information Officer (Age 56, Pay $1.17M)
  • Ms. Audrey T. Andrews, Exec. VP, Gen. Counsel & Corp. Sec. (Age 53, Pay $1.46M)
  • Ms. Regina C. Nethery, VP of Investor Relations
  • Mr. Howard Hacker, Exec. VP & Chief Compliance Officer (Age 48)
  • Ms. Marie Quintana, Exec. VP of Communications & Chief Marketing Officer (Age 63)
  • Mr. Michael Maloney, Sr. VP of Corp. Devel.
  • Ms. Sandra R. A. Karrmann, Exec. VP & Chief HR Officer (Age 54)

What is Tenet Healthcare's stock symbol?

Tenet Healthcare trades on the New York Stock Exchange (NYSE) under the ticker symbol "THC."

Who are Tenet Healthcare's major shareholders?

Tenet Healthcare's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.27%), State Street Corp (3.16%), Letko Brosseau & Associates Inc. (2.37%), Acadian Asset Management LLC (1.44%), Camber Capital Management LP (0.95%) and Charles Schwab Investment Management Inc. (0.86%). Company insiders that own Tenet Healthcare stock include Audrey T Andrews, Daniel J Cancelmi, Edward A Kangas, Glenview Capital Management, L, Howard Hacker, Marie Quintana, Nadja West, Ronald A Rittenmeyer and Saumya Sutaria.
View institutional ownership trends for Tenet Healthcare
.

Which major investors are selling Tenet Healthcare stock?

THC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Letko Brosseau & Associates Inc., Arrowstreet Capital Limited Partnership, State Street Corp, Assenagon Asset Management S.A., AQR Capital Management LLC, SG Americas Securities LLC, and Morgan Stanley.
View insider buying and selling activity for Tenet Healthcare
.

Which major investors are buying Tenet Healthcare stock?

THC stock was purchased by a variety of institutional investors in the last quarter, including Camber Capital Management LP, Connor Clark & Lunn Investment Management Ltd., PFM Health Sciences LP, Great West Life Assurance Co. Can, Principal Financial Group Inc., Sei Investments Co., AJO LP, and First Trust Advisors LP. Company insiders that have bought Tenet Healthcare stock in the last two years include Daniel J Cancelmi, Glenview Capital Management, L, Marie Quintana, Nadja West, Ronald A Rittenmeyer, and Saumya Sutaria.
View insider buying and selling activity for Tenet Healthcare
.

How do I buy shares of Tenet Healthcare?

Shares of THC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Tenet Healthcare's stock price today?

One share of THC stock can currently be purchased for approximately $32.88.

How big of a company is Tenet Healthcare?

Tenet Healthcare has a market capitalization of $3.47 billion and generates $18.48 billion in revenue each year. The company earns $-232,000,000.00 in net income (profit) each year or $2.68 on an earnings per share basis. Tenet Healthcare employs 110,000 workers across the globe.

What is Tenet Healthcare's official website?

The official website for Tenet Healthcare is www.tenethealth.com.

How can I contact Tenet Healthcare?

Tenet Healthcare's mailing address is 14201 Dallas Parkway, DALLAS TX, 75254. The company can be reached via phone at 469-893-2200 or via email at [email protected]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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