Stock To Watch: Tenet Healthcare Corporation (NYSE:THC)


The leading market experts have placed a mean price target of $36.65 on Tenet Healthcare Corporation (NYSE:THC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.41 a share for the upcoming quarter and $1.89 for the current fiscal. Technical View The technical analysis of Tenet Healthcare Corporation Co plainly substantiates that the 50-day moving average of Tenet Healthcare Corporation Co is $28.85, and stock is hovering 2.68 or +9.30% distant from $28.85. It is noted that the 200-day MA is $28.04, and Tenet Healthcare Corporation Co stock is $3.49 or +12.44% off from this point. Tenet Healthcare Corporation (NYSE:THC) 52-week high is $59.77 and the 52-week low is $21.39. This explains if the stock moves $-28.24, it will post a 52-week high. In event of $+47.41% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Tenet Healthcare Corporation Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Tenet Healthcare Corporation (NYSE:THC) ratio came in at N/A. The stock last ended the trading session at $31.53 and registered a market cap of $3.13B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Tenet Healthcare Corporation (NYSE:THC) PEG ratio is at 1.15.

1 Chart Pattern Every Investor Should Know

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