Tenet Healthcare Stock Today
| THC Stock | USD 91.08 4.92 5.13% |
Performance11 of 100
| Odds Of DistressLess than 2
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Tenet Healthcare is trading at 91.08 as of the 18th of April 2024, a -5.13% down since the beginning of the trading day. The stock's open price was 96.0. Tenet Healthcare has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Tenet Healthcare are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of October 2023 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 4th of January 1982 | Category Healthcare | Classification Health Care |
Tenet Healthcare Corporation operates as a diversified healthcare services company. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas. Tenet Healthcare operates under Medical Care Facilities classification in the United States and is traded on New York Stock Exchange. The company has 99.19 M outstanding shares of which 4.26 M shares are at this time shorted by investors with about 3.16 days to cover. More on Tenet Healthcare
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Tenet Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Tenet Healthcare's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tenet Healthcare or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Saumya Sutaria | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Epsilon Healthcare Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Providers & Services, Health Care Equipment & Services, Health Care, NYSE Composite, SP Midcap 400, Baby Boomer Prospects, Healthcare, Obamacare, Health Care, Health Care Providers & Services, Medical Care Facilities, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Tenet Healthcare report their recommendations after researching Tenet Healthcare's financial statements, talking to executives and customers, or listening in on Tenet Healthcare's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Tenet Healthcare. The Tenet consensus assessment is calculated by taking the average forecast from all of the analysts covering Tenet Healthcare. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Tenet Healthcare's historical financial statements, Tenet Healthcare is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Tenet Healthcare is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Tenet Healthcare's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Tenet Healthcare's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Tenet Healthcare's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Tenet Healthcare's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Tenet Healthcare's financial leverage. It provides some insight into what part of Tenet Healthcare's total assets is financed by creditors.
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Tenet Healthcare (THC) is traded on New York Stock Exchange in USA. It is located in 14201 Dallas Parkway, Dallas, TX, United States, 75254 and employs 78,810 people. Tenet Healthcare is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 9.75 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Tenet Healthcare's market, we take the total number of its shares issued and multiply it by Tenet Healthcare's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Tenet Healthcare runs under Health Care Providers & Services sector within Health Care industry. The entity has 99.19 M outstanding shares of which 4.26 M shares are at this time shorted by investors with about 3.16 days to cover.
Tenet Healthcare has about 858 M in cash with 2.37 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.19.
Check Tenet Healthcare Probability Of Bankruptcy
Ownership AllocationTenet Healthcare shows a total of 99.19 Million outstanding shares. The majority of Tenet Healthcare outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Tenet Healthcare to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Tenet Healthcare. Please pay attention to any change in the institutional holdings of Tenet Healthcare as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Tenet Ownership Details
Tenet Stock Price Odds Analysis
What are Tenet Healthcare's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Tenet Healthcare jumping above the current price in 90 days from now is about 62.37%. The Tenet Healthcare probability density function shows the probability of Tenet Healthcare stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6179. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tenet Healthcare will likely underperform. Additionally, tenet Healthcare has an alpha of 0.1867, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Tenet Healthcare to move above the current price in 90 days from now is about 62.37 (This Tenet Healthcare probability density function shows the probability of Tenet Stock to fall within a particular range of prices over 90 days) .
Tenet Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Tenet Healthcare that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tenet Healthcare's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tenet Healthcare's value.| Instituion | Recorded On | Shares | |
| Millennium Management Llc | 2023-12-31 | 1.3 M | |
| Greenlight Capital, Inc | 2023-12-31 | 1.3 M | |
| Orbimed Advisors, Llc | 2023-12-31 | 1.2 M | |
| Letko, Brosseau & Associates Inc. | 2023-12-31 | 1.1 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 1 M | |
| Norges Bank | 2023-12-31 | 1 M | |
| Fmr Inc | 2023-12-31 | 1 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 998.6 K | |
| Avidity Partners Management Lp | 2023-12-31 | 871 K | |
| Vanguard Group Inc | 2023-12-31 | 11.1 M | |
| Blackrock Inc | 2023-12-31 | 10.4 M |
Tenet Healthcare Historical Income Statement
Tenet Healthcare Income Statement is one of the three primary financial statements used for reporting Tenet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Tenet Healthcare revenue and expense. Tenet Healthcare Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Tenet Healthcare's EBIT is projected to increase significantly based on the last few years of reporting. The current year's EBITDA is expected to grow to about 3.5 B, whereas Depreciation And Amortization is forecasted to decline to about 537.1 M. View More FundamentalsTenet Stock Against Markets
Picking the right benchmark for Tenet Healthcare stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Tenet Healthcare stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Tenet Healthcare is critical whether you are bullish or bearish towards Tenet Healthcare at a given time. Please also check how Tenet Healthcare's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tenet Healthcare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Tenet Healthcare Corporate Directors
Tenet Healthcare corporate directors refer to members of a Tenet Healthcare board of directors. The board of directors generally takes responsibility for the Tenet Healthcare's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Tenet Healthcare's board members must vote for the resolution. The Tenet Healthcare board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Richard Pettingill | Independent Director | Profile | |
| Nadja West | Independent Director | Profile | |
| J Kerrey | Lead Independent Director | Profile | |
| Robert Kerrey | Independent Director | Profile |
How to buy Tenet Stock?
Before investing in Tenet Healthcare, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Tenet Healthcare. To buy Tenet Healthcare stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Tenet Healthcare. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Tenet Healthcare stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Tenet Healthcare stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Tenet Healthcare stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Tenet Healthcare, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Tenet Stock please use our How to Invest in Tenet Healthcare guide.
Already Invested in Tenet Healthcare?
The danger of trading Tenet Healthcare is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Tenet Healthcare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Tenet Healthcare. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tenet Healthcare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Tenet Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenet Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tenet Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenet Healthcare Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.Note that the Tenet Healthcare information on this page should be used as a complementary analysis to other Tenet Healthcare's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Tenet Stock analysis
When running Tenet Healthcare's price analysis, check to measure Tenet Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tenet Healthcare is operating at the current time. Most of Tenet Healthcare's value examination focuses on studying past and present price action to predict the probability of Tenet Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenet Healthcare's price. Additionally, you may evaluate how the addition of Tenet Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Tenet Healthcare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tenet Healthcare. If investors know Tenet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tenet Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.403 | Earnings Share 5.71 | Revenue Per Share 202.166 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0629 |
The market value of Tenet Healthcare is measured differently than its book value, which is the value of Tenet that is recorded on the company's balance sheet. Investors also form their own opinion of Tenet Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Tenet Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tenet Healthcare's market value can be influenced by many factors that don't directly affect Tenet Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tenet Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenet Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenet Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.