While Tenet Healthcare Corp has underperformed by -1.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, THC rose by 23.12%, with highs and lows ranging from $171.20 to $90.03, whereas the simple moving average fell by -16.99% in the last 200 days.
On February 26, 2025, TD Cowen started tracking Tenet Healthcare Corp (NYSE: THC) recommending Buy. Goldman also Downgraded THC shares as ‘Neutral’, setting a target price of $140 on the company’s shares in a report dated December 16, 2024. Wells Fargo November 25, 2024d the rating to Equal Weight on November 25, 2024, and set its price target from $205 to $150. Raymond James November 22, 2024d its ‘Strong Buy’ rating to ‘Outperform’ for THC, as published in its report on November 22, 2024. KeyBanc Capital Markets’s report from October 11, 2024 suggests a price prediction of $200 for THC shares, giving the stock a ‘Overweight’ rating. Robert W. Baird also rated the stock as ‘Outperform’.
Analysis of Tenet Healthcare Corp (THC)
Further, the quarter-over-quarter decrease in sales is -5.71%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Tenet Healthcare Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 110.75% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.46M can be a very valuable indicator of volatility for THC stock. On a monthly basis, the volatility of the stock is set at 5.01%, whereas on a weekly basis, it is put at 4.28%, with a loss of -4.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $173.60, showing growth from the present price of $119.51, which can serve as yet another indication of whether THC is worth investing in or should be passed over.
How Do You Analyze Tenet Healthcare Corp Shares?
The USA based company Tenet Healthcare Corp (THC) is one of the biggest names in Medical Care Facilities. When comparing Tenet Healthcare Corp shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 3.71, there is a growth in quarterly earnings of 41.59%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.25%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
THC shares are owned by institutional investors to the tune of 95.56% at present.
