Tenet Healthcare Corp's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 20 out of 75 in the Healthcare Providers & Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 253.16.In the medium term, the stock price is expected to remain stable.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Tenet Healthcare Corp is 7.42, ranking 34 out of 75 in the Healthcare Providers & Services industry. Its financial status is weak, and its operating efficiency is average. Its latest quarterly revenue reached 5.53B, representing a year-over-year increase of 8.97%, while its net profit experienced a year-over-year increase of 16.67%.
Key Metrics
The current valuation score of Tenet Healthcare Corp is 6.02, ranking 60 out of 75 in the Healthcare Providers & Services industry. Its current P/E ratio is 12.82, which is 61.70% below the recent high of 20.73 and 72.89% above the recent low of 3.47.
The current earnings forecast score of Tenet Healthcare Corp is 8.17, ranking 26 out of 75 in the Healthcare Providers & Services industry. The average price target is 240.00, with a high of 260.00 and a low of 159.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Tenet Healthcare Corp is 6.82, ranking 30 out of 75 in the Healthcare Providers & Services industry. Currently, the stock price is trading between the resistance level at 233.36 and the support level at 180.58, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Tenet Healthcare Corp is 10.00, ranking 1 out of 75 in the Healthcare Providers & Services industry. The latest institutional shareholding proportion is 98.07%, representing a quarter-over-quarter decrease of 2.37%. The largest institutional shareholder is The Vanguard, holding a total of 8.83M shares, representing 10.16% of shares outstanding, with 4.66% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Healthcare Providers & Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Tenet Healthcare Corp is 7.63, ranking 20 out of 75 in the Healthcare Providers & Services industry. The company's beta value is 1.46. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. Tenet Healthcare Corp’s latest ESG disclosure leads the Healthcare Providers & Services industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
