Tenet Healthcare Corporation Stock News

Shares of Tenet Healthcare Corp. were indicated down more than 1% in Tuesday''s premarket, after the health care services company said it will no longer pursue a spinoff of its Conifer Health Solutions patient payments subsidiary. The company said it made its decision to have Conifer remain part of Tenet after a review by the company''s board of directors and financial and legal advisors, and include expectations that Conifer can deliver fiscal 2022 revenue growth in the mid- to high-single-digit percentage range and have a "strong" margin and cash flow profile. "Conifer is primed with a robust pipeline and recent client wins with value that is not yet fully realized," said Tenet Chief Executive Saum Sutaria. "When coupled with ongoing efficiency opportunities from offshoring and automation, we have a compelling runway for the business." Tenet''s plan to spin off its Conifer sub was announced in July 2019, and was expected at that time to have the spinoff completed in the second quarter of 2021.

Encompass Health (EHC) joins forces with Lee Health in a bid to construct two inpatient rehabilitation hospitals in Southwest Florida and deliver better health outcomes across the region.

Tenet Healthcare Corporation with ticker code (THC) now have 17 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 120 and 81 calculating the mean target price we have 98.76. With the stocks previous close at 81.2 this indicates there is a potential upside of 21.6%. The 50 day moving average now sits at 78.21 and the 200 moving average now moves to 72.25. The company has a market cap of $9,207m. You can visit the company''s website by visiting: https://www.tenethealth.com [stock_market_widget type="chart" template="basic" color="green" assets=THC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $11,198m based on the market concensus. Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

Universal Health Services (UHS) expects capital expenditures for 2022 to increase from the 2021 level to the range of $950-$1,100 million.

At December 31, 2021, our subsidiaries operated 60 hospitals serving primarily urban and suburban communities in nine states. At December 31, 2021, USPI had interests in 399 ambulatory surgery centers and 24 surgical hospitals in 34 states. At December 31, 2020, our Ambulatory Care segment also included 40 urgent care centers that were classified as held for… The post TENET HEALTHCARE CORP – 10-K – MANAGEMENT''S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS appeared first on InsuranceNewsNet .

Mednax's (MD) Q4 results improve on better revenues and expanded patient volumes.

Community Health's (CYH) fourth-quarter 2021 results gain from better revenues.

Tenet Healthcare Corp. (THC) shares closed today at 0.9% below its 52 week high of $88.19, giving the company a market cap of $8B. The stock is currently up 2.8% year-to-date, up 68.5% over the past 12 months, and up 322.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.2%, and the S&P 500 fell 1.1%. Trading Activity Trading volume this week was 35.7% lower than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -159.2% The company's stock price performance over the past 12 months beats the peer average by 962.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -62.5% lower than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Ensign Group's (ENSG) Q4 results reflect higher revenues, partly offset by steep expenses.

Following an 11% gain on Wednesday, the shares of Tenet Healthcare <> continue to trade higher after UBS upgraded the hospital operator to Buy from Neutral, citing an optimistic…

Upgrades According to Gordon Haskett, the prior rating for Williams-Sonoma Inc (NYSE:WSM) was changed from Hold to Accumulate. Williams-Sonoma earned $3.32 in the third quarter, compared to $2.56 in t

Upgrades According to Gordon Haskett, the prior rating for Williams-Sonoma Inc (NYSE: WSM ) was changed from Hold to Accumulate. Williams-Sonoma earned $3.32 in the third quarter, compared to $2.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $223.32 and a 52-week-low of $118.07. Williams-Sonoma closed at $163.67 at the end of the last trading period. For Lowe''s Companies Inc (NYSE: LOW ), Gordon Haskett upgraded the previous rating of Accumulate to Buy. In the third quarter, Lowe''s Companies showed an EPS of $2.73, compared to $1.98 from the year-ago quarter. The current stock performance of Lowe''s Companies shows a 52-week-high of $263.31 and a 52-week-low of $150.84. Moreover, at the end of the last trading period, the closing price was at $233.66. Daiwa Capital upgraded the previous rating for American Express Co (NYSE: AXP ) from Hold to Buy. In the fourth quarter, American Express showed an EPS of $2.18, compared to $1.76 from the year-ago quarter. The current stock performance of American Express shows a 52-week-high of $198.72 and a 52-week-low of $126.08.

Tenet Healthcare Corp. (THC) shares closed today at 1.8% below its 52 week high of $83.69, giving the company a market cap of $7B. The stock is currently down 9.3% year-to-date, up 41.6% over the past 12 months, and up 303.9% over the past five years. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 fell 0.4%. Trading Activity Trading volume this week was 158.9% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 21.0% The company's stock price performance over the past 12 months beats the peer average by 3039.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -66.9% lower than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.