Tenet Healthcare Corporation (THC): Analysis On Healthcare Stock


Tenet Healthcare Corporation (NYSE:THC) changes shares on Friday trading session, with a change of 1.70% or $0.33 shares. The trading starts at $20.60 and closed at $19.43 throughout the day. The trading session low price was $18.75 and day high was $21.38 on Friday, June 12. After the session, the Healthcare sector daily volume shifted to 2.04 million while its average volume is 2.86M. In other hand, the THC market cap reached to $2.03B. While, its current target price is $19.76 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -19.35% and up 18.47% for month. Its quarterly performance was 6.35% above, while its half year performance is down -46.07%. THC yearly performance stood at negative -6.75% and fall -48.04% for year-to-date. Current recommendation for Tenet Healthcare Corporation is 2.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. THC EPS (TTM) for 12-month is -1.18. EPS for this year is -326.10%, while for the next year its value is 2.50. Its EPS Q/Q reached 567.40%. It has an EPS of -54.90% down for past five years and for the next five years will be up 13.71%.

Let’s take a look on the analyst recommendations on THC for the current month and previous month. For the current month, 6 of 19 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 12 as Hold. As compared with the previous month ratings, 20 analysts participate in stock recommendation. Out of 20, 0 rated it sell, 7 rated it as Buy and 12 as Hold Ratings. On the other hand, target price ranges from $19.00-$40.00. Average target price for THC was reached at $25.65.

The insider ownership moved to 1.30% and institutional holding shifted to 98.66%.

The company posted an EPS (TTM) of -1.18. According to the most recent quarter report on (Jun 2020), 16 analysts estimated an average EPS of -0.89, while 0.56 EPS posted a year ago period. Analyst Estimated EPS for THC published in the report was -4.81-0.67 during the same period. Comparing with last year, the average estimated EPS was 0.56 which is lower than 1.28 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for THC fall -24.46% for period of 200 days. SMA for 50 days was 0.21% which is showing green signal, while SMA-20 was -10.09%. The moving average value for Tenet Healthcare Corporation (THC) is 26.60 and 20.60 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in THC stock. On Mar 17, Fitzgerald Meghan, Director, bought 6,153 trading shares at the cost of $13.02, which valued at 80112.0. On Mar 16, Sutaria Saumya, President & COO, bought 20,000 shares at the cost of $17.28, with total shares of 49,413. On Mar 16, Arbour Paola M, EVP, Chief Information Officer, bought 2,560 shares at the cost of 14.79. After this transaction, Arbour Paola M total shares reached to 6,726 which valued at 37862.0.