The Q4 2017 EPS Estimates for Tenet Healthcare Corp Increased by SunTrust Banks (THC)

The Q4 2017 EPS Estimates for Tenet Healthcare Corp Increased by SunTrust Banks (THC)

Tenet Healthcare Corp (NYSE:THC) – Investment analysts at SunTrust Banks increased their Q4 2017 earnings estimates for shares of Tenet Healthcare Corp in a research report issued on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst D. Macdonald now anticipates that the company will post earnings of $1.68 per share for the quarter, up from their prior forecast of $1.64. SunTrust Banks also issued estimates for Tenet Healthcare Corp’s Q4 2018 earnings at $1.03 EPS.

Several other equities research analysts also recently weighed in on THC. Leerink Swann reiterated a “market perform” rating and set a $22.00 target price on shares of Tenet Healthcare Corp in a research note on Tuesday, January 24th. Jefferies Group LLC reduced their price objective on shares of Tenet Healthcare Corp from $36.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, February 6th. Mizuho upgraded shares of Tenet Healthcare Corp from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $13.00 to $22.80 in a research report on Friday, February 24th. Royal Bank of Canada restated a “hold” rating and issued a $25.00 price objective on shares of Tenet Healthcare Corp in a research report on Friday, March 3rd. Finally, Citigroup Inc reduced their price objective on shares of Tenet Healthcare Corp from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.08.

Shares of Tenet Healthcare Corp (NYSE:THC) traded down 1.70% during trading on Thursday, hitting $17.93. The stock had a trading volume of 724,757 shares. The stock’s 50-day moving average is $17.07 and its 200-day moving average is $17.47. Tenet Healthcare Corp has a 12-month low of $14.06 and a 12-month high of $31.84. The stock’s market cap is $1.80 billion. Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Tenet Healthcare Corp by 52.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock worth $117,000 after buying an additional 2,266 shares during the period. First Mercantile Trust Co. boosted its position in shares of Tenet Healthcare Corp by 23.8% in the first quarter. First Mercantile Trust Co. now owns 9,900 shares of the company’s stock worth $175,000 after buying an additional 1,900 shares during the period. Ellington Management Group LLC acquired a new position in shares of Tenet Healthcare Corp during the fourth quarter worth $148,000. Advantus Capital Management Inc boosted its position in shares of Tenet Healthcare Corp by 3.2% in the first quarter. Advantus Capital Management Inc now owns 10,223 shares of the company’s stock worth $181,000 after buying an additional 317 shares during the period. Finally, Acrospire Investment Management LLC boosted its position in shares of Tenet Healthcare Corp by 50.2% in the third quarter. Acrospire Investment Management LLC now owns 10,475 shares of the company’s stock worth $237,000 after buying an additional 3,500 shares during the period.

Tenet Healthcare Corp Company Profile Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

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