Reaffirmed: Tenet Healthcare (NYSE:THC) “Neutral” Rating Has Been Reiterated by Mizuho; $34 Target in Place

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Tenet Healthcare (NYSE:THC) Rating Reaffirmed

They currently have a $34 target PPS on Tenet Healthcare (NYSE:THC). The target price by Mizuho would suggest a potential downside of -2.69% from the company’s stock price. This has been revealed to investors in an analyst note on Wednesday morning.

From a total of 18 analysts covering Tenet Healthcare Corporation (NYSE:THC) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is $85 while the lowest target price is $30. The mean of all analyst targets is $45.17 with a 24.50% above today’s ($34.94) stock price. Tenet Healthcare Corporation was the topic of 12 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Mizuho downgraded shares on October 22 to “Neutral” rating. BMO Capital Markets upgraded THC stock in a recent report from September 4 to “Outperform” rating. Finally, Goldman Sachs reinitiated the stock with “Neutral” rating in a report issued on a July 21.

The stock increased 5.27% or $1.75 during the last trading session, striking $34.94. Approximately shares of stock traded hands. Tenet Healthcare Corp (NYSE:THC) has declined 28.50% since April 29, 2015 and is downtrending. It has underperformed by 28.30% the S&P500.

Tenet Healthcare Corporation is a healthcare services company. The company has a market cap of $3.39 billion. The Firm operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets. It has 253.91 P/E ratio. As of December 31, 2014, it operated 80 hospitals, 210 outpatient centers, six health plans and Conifer Health Solutions, LLC , which provides healthcare business process services in the areas of revenue cycle management, value care and patient communications.

According to Zacks Investment Research, “Tenet Healthcare Corp. is an investor-owned health care services company. The company owns or operates general hospitals and related health care facilities serving urban and rural communities in numerous states, and holds investments in other health care companies. The related health care facilities includes a small number of rehabilitation hospitals, specialty hospitals, and long-term care facilities.” Get a free copy of the Zacks research report on Tenet Healthcare Corp (THC).

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