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


The leading market experts have placed a mean price target of $33.94 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 $0.54 a share for the upcoming quarter and $1.55 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 $26.39, and stock is trading $-1.72 points away or -6.52% from its 50-day moving average of $26.39. Further it is trading $-3.54 or -12.54% away its 200-day moving average of $28.21. Tenet Healthcare Corporation (NYSE:THC) 52-week high is $47.78 and the 52-week low is $21.39.

This explains if the stock moves $-23.11, it will post a 52-week high. In event of +15.33% 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 $24.67 and registered a market cap of $2.46B. 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 1.19.

1 Chart Pattern Every Investor Should Know

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