Tenet Healthcare Corporation (NYSE:THC) went up by 3.11% from its latest closing price when compared to the 1-year high value of $34.23 and move down -61.46%, while THC stocks collected -1.44% of loss with the last five trading sessions.
Tenet Healthcare Corporation (NYSE:THC) Worth an Investment?
Tenet Healthcare Corporation (NYSE: THC) The 36 Months beta value for THC stocks is at 1.61, while 3 of the analysts out of 21 who provided ratings for Tenet Healthcare Corporation stocks as a “buy” while 2 as overweight, 14 rated it as hold and 2 as sell. The average price we get from analysts is $26.79 which is $5.59 above current price. THC currently has a short float of 12.33% and public float of 100.13M with average trading volume of 1.59M shares.
THC Market Performance
THC stocks went down by -1.44% for the week, with the monthly jump of 9.11% and a quarterly performance of 3.62%, while its annual performance rate touched -34.34%. The simple moving average for the period of the last 20 days is 1.98% for THC stocks with the simple moving average of -8.47% for the last 200 days.
Analysts’ Opinion on Tenet Healthcare Corporation (NYSE:THC)
Many brokerage firms have already submitted their reports for THC stocks, with BofA/Merrill repeating the rating for THC shares by setting it to “Neutral”. The predicted price for THC socks in the upcoming period according to BofA/Merrill is $30 based on the research report published on February 26, 2019.
Stephens, on the other hand, stated in their research note that they expect to see THC stock at the price of $23. The rating they have provided for THC stocks is “Equal-Weight” according to the report published on January 14, 2019.
Deutsche Bank gave “Hold” rating to THC stocks, setting the target price at $20 in the report published on January 3, 2019.
THC Stocks 3.52% Far from 50 Day Moving Average
After a stumble in the market that brought THC to its low price for the period of the last 52 weeks, Tenet Healthcare Corporation was unable to take a rebound, for now settling with -38.07% of loss for the given period.
The stock volatility was left at 5.79%, however, within the period of a single month, the volatility rate increased by 4.19%, while the shares surge at the distance of +11.17% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +5.11% upper at the present time.
In the course of the last 5 trading sessions, THC went down by -1.44%, which changed the moving average for the period of 200 days to the total of -15.00% of losses for the stock in comparison to the 20-day moving average settled at $20.90. In addition, Tenet Healthcare Corporation saw 23.69% in overturn over the period of a single year with a tendency to cut further gains.
THC Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Tenet Healthcare Corporation (THC), starting from GLENVIEW CAPITAL MANAGEMENT, L, who bought 27,424 shares at the price of $20.99 back on Jul 26. After this action, Rushing now owns 18,717,654 shares of Tenet Healthcare Corporation, valued at $575,630 with the latest closing price.
GLENVIEW CAPITAL MANAGEMENT, L, the 10% Owner of Tenet Healthcare Corporation, bought 600,000 shares at the value of $19.64 during a trade that took place back on Jul 25, which means that GLENVIEW CAPITAL MANAGEMENT, L is holding 18,690,230 shares at the value of $11,784,000 based on the most recent closing price.
THC Stock Fundamentals
The current profitability levels are settled at +8.81 for the present operating margin and +8.81 for gross margin. The net margin for Tenet Healthcare Corporation stands at +0.59. Total capital return value is set at 9.42, while invested capital returns managed to touch 0.74. Equity return holds the value 13.60%, with -0.10% for asset returns.
EBITDA value lies at +615.00 M with total debt to EBITDA carrying the value of 6.14. The value for Enterprise to Sales is 0.91 with debt to enterprise value settled at 0.80. The receivables turnover for Tenet Healthcare Corporation is 6.29 with the total asset turnover at the value of 0.80. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.