In a report released yesterday, Frank Morgan from RBC Capital reiterated a Hold rating on Tenet Healthcare (THC), with a price target of $29. The company’s shares opened today at $27.16.
According to TipRanks.com, Morgan is a 5-star analyst with an average return of 16.2% and a 66.4% success rate. Morgan covers the Services sector, focusing on stocks such as Fresenius Medical Care Corp, Community Health, and Select Medical.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tenet Healthcare with a $30 average price target, representing a 10.5% upside. In a report released yesterday, Merrill Lynch also maintained a Hold rating on the stock with a $30 price target.
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The company has a one-year high of $39.74 and a one-year low of $16.61. Currently, Tenet Healthcare has an average volume of 1.46M.
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Tenet Healthcare Corp. engages in the provision of health care services. Through its subsidiaries and affiliates, it owns and facilitates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, and related health care facilities.
