Tenet Healthcare Corp. (THC) - Technical Watch

Andrew Cummings
September 15, 2017

The current market value of the company is $1.67B. Now has a PEG ratio of 6.69 where as its P/E ratio is 95.08. The company operates 77 acute-care hospitals, 21 short-stay hospitals and more than 460 outpatient centers across its subsidiaries, partnerships and joint ventures.

Tenet Healthcare Corp (NYSE:THC)'s trailing twelve month revenues are $19.32 Billion, whereas its price to sales ratio for the same period is 0.09.

Tenet Healthcare Corporation (NYSE:THC) last announced its earnings results on Monday, August 7th. However the company reported $0.16 earnings per share for the same quarter during previous year.


Tenet Healthcare Corporation (Tenet), launched on November 7, 1975, is a healthcare services company. The firm has fifty days moving average percentage of -5.58% to its latest price change. The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock. Tenet Healthcare Corp (NYSE:THC) has declined 36.81% since September 14, 2016 and is downtrending. It has underperformed by 16.70% the S&P500.

Investors sentiment decreased to 0 in Q4 2016. Its up 0.18, from 0.97 in 2016Q3. 115 funds opened positions while 706 raised stakes. Tenet Healthcare Corporation had a negative return on equity of 2.00% and a negative net margin of 0.97%. As of the end of the quarter Pacad Investment Ltd. had acquired a total of 6,672 shares growing its holdings by 22.9%. Flinton Capital Management LLC now owns 7,888 shares of the company's stock worth $153,000 after buying an additional 3,128 shares during the period. Continental Advsrs Limited Liability Corp reported 127,970 shares. Columbus Circle Investors stated it has 0.06% of its portfolio in Tenet Healthcare Corp (NYSE:THC). (NYSE:THC) Cheap From Peers?

Tenet Healthcare Corp. (NYSE:THC) has a beta of 1.22, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Number of public suitors limited though (HOLD/$16). Finemark Comml Bank Tru has 57 shares. Mizuho downgraded the shares of THC in report on Thursday, October 22 to "Neutral" rating. Jpmorgan Chase & Com invested in 379,923 shares. Past 5 years growth of Tenet Healthcare Corp (NYSE:THC) observed at -14.72%, looking forward for the next 5 years it has a strong prediction of 25.24% over growth. 3,580K shares changed hands in the last trading session. That's a potential 8.79 gain from where (NYSE:THC) has been trading recently. Range Res Corp (NYSE:RRC) was reduced too. SELL rating has been given by 0 analyst (s) and 4 analyst (s) given BUY rating to the stock. Therefore 40% are positive. AT&T Inc. had 54 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has "Neutral" rating by Citigroup on Wednesday, May 4. The firm earned "Buy" rating on Wednesday, April 5 by Deutsche Bank. The rating was maintained by Keefe Bruyette & Woods on Tuesday, June 13 with "Buy". Finally, Morgan Stanley started coverage on Tenet Healthcare Corporation in a report on Tuesday, June 6th.


It could be hard for Tenet Healthcare to merge with a company such as HCA due to the fact that federal regulators would likely examine the issue closely over antitrust considerations. Specifically, Array Biopharma has a 50-day call/put volume ratio of 10.7 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), good enough to rank in the 68th annual percentile. Palouse Management owns 140,336 shares or 2.44% of their United States portfolio. As reported by Larry Robbins's Glenview Capital Management, the filler owns 17.79% or 17,942,624 shares of the Health Care-company.

4 investors had the stock in their top 10. Forest Hill Capital Llc, a Arkansas-based fund reported 108,787 shares. About 7,517 shares traded. This is a near-term outlook for the coming 12-18 months.

Ratings analysis reveals 67% of PacWest Bancorp's analysts are positive.


The consensus recommendation - averaging the work of 15 analysts - of 2.5 for Tenet Healthcare Corp. THC was included in 5 notes of analysts from October 5, 2016.

Other reports by iNewsToday

FOLLOW OUR NEWSPAPER