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As of close of business last night, Tenet Healthcare Corp.’s stock clocked out at $164.67, up 1.11% from its previous closing price of $162.87. In other words, the price has increased by $1.11 from its previous closing price. On the day, 0.58 million shares were traded. THC stock price reached its highest trading level at $165.49 during the session, while it also had its lowest trading level at $162.45.
Ratios:
To gain a deeper understanding of THC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.34. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.45. In the meantime, Its Debt-to-Equity ratio is 3.70 whereas as Long-Term Debt/Eq ratio is at 3.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Robert W. Baird on May 30, 2024, initiated with a Outperform rating and assigned the stock a target price of $153.
On March 27, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $122.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $113.Barclays initiated its Overweight rating on March 06, 2024, with a $113 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 27 ’24 when FISHER RICHARD W sold 2,000 shares for $163.67 per share. The transaction valued at 327,332 led to the insider holds 14,227 shares of the business.
FISHER RICHARD W bought 2,000 shares of THC for $327,335 on Aug 27 ’24. On Aug 16 ’24, another insider, Arbour Paola M, who serves as the EVP, Chief Information Officer of the company, sold 8,377 shares for $156.00 each. As a result, the insider received 1,306,812 and left with 21,426 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 15779008512 and an Enterprise Value of 30164008960. As of this moment, Tenet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.02, and their Forward P/E ratio for the next fiscal year is 14.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 4.54. Its current Enterprise Value per Revenue stands at 1.443 whereas that against EBITDA is 7.675.
Stock Price History:
Over the past 52 weeks, THC has reached a high of $165.58, while it has fallen to a 52-week low of $51.04. The 50-Day Moving Average of the stock is 14.40%, while the 200-Day Moving Average is calculated to be 52.93%.
Shares Statistics:
It appears that THC traded 1.22M shares on average per day over the past three months and 692450 shares per day over the past ten days. A total of 99.95M shares are outstanding, with a floating share count of 93.47M. Insiders hold about 2.46% of the company’s shares, while institutions hold 96.65% stake in the company. Shares short for THC as of 1723680000 were 3295635 with a Short Ratio of 2.70, compared to 1721001600 on 3586160. Therefore, it implies a Short% of Shares Outstanding of 3295635 and a Short% of Float of 4.5100003.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.75.
