Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Tenet Healthcare Corp. (NYSE: THC) closed the day trading at $91.08 down -5.12% from the previous closing price of $96.00. In other words, the price has decreased by -$5.12 from its previous closing price. On the day, 2.38 million shares were traded. THC stock price reached its highest trading level at $94.095 during the session, while it also had its lowest trading level at $90.03.
Ratios:
For a better understanding of THC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 10.08 whereas as Long-Term Debt/Eq ratio is at 9.88.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $113.
On April 21, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $73.Cantor Fitzgerald initiated its Overweight rating on April 21, 2023, with a $73 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 12 ’24 when MARK RICHARD J sold 14,000 shares for $98.98 per share. The transaction valued at 1,385,720 led to the insider holds 33,303 shares of the business.
Arbour Paola M sold 18,168 shares of THC for $1,761,569 on Mar 06 ’24. The EVP, Chief Information Officer now owns 29,803 shares after completing the transaction at $96.96 per share. On Mar 01 ’24, another insider, Arnst Thomas W, who serves as the EVP, Chief Admin. Officer & GC of the company, sold 17,000 shares for $94.84 each. As a result, the insider received 1,612,234 and left with 8,148 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, THC now has a Market Capitalization of 9033897984 and an Enterprise Value of 27992545280. As of this moment, Tenet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.62, and their Forward P/E ratio for the next fiscal year is 12.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 5.66. Its current Enterprise Value per Revenue stands at 1.362 whereas that against EBITDA is 7.65.
Stock Price History:
Over the past 52 weeks, THC has reached a high of $107.80, while it has fallen to a 52-week low of $51.04. The 50-Day Moving Average of the stock is -6.04%, while the 200-Day Moving Average is calculated to be 17.53%.
Shares Statistics:
Over the past 3-months, THC traded about 1.14M shares per day on average, while over the past 10 days, THC traded about 975350 shares per day. A total of 99.95M shares are outstanding, with a floating share count of 96.97M. Insiders hold about 3.03% of the company’s shares, while institutions hold 94.75% stake in the company. Shares short for THC as of 1711584000 were 4256088 with a Short Ratio of 3.72, compared to 1709164800 on 4034959. Therefore, it implies a Short% of Shares Outstanding of 4256088 and a Short% of Float of 5.59.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.75.
Earnings Estimates
At present, Truist Financial Corporation analysts are actively evaluating the performance of Tenet Healthcare Corp. (THC) in the stock market.The consensus estimate for the next quarter is $37.11, with high estimates of $1.69 and low estimates of $8.60.
Analysts are recommending an EPS of between $Basic Materials and $Healthcare for the fiscal current year, implying an average EPS of $Consumer Defensive.
