For its third fiscal quarter (ending September 30), Tenet Healthcare Corp (NYSE: THC) has reported a 398% increase in E.P.S. from $0.99 a year ago to $4.93 in the current quarter. For the latest four quarters through September 30, E.P.S. were $31.98 compared to $4.58 a year ago — an increase of 598%.
Recent Price Action
On 10/29/24, Tenet Healthcare Corp (NYSE: THC) stock enjoyed a major increase of 16.7%, closing at $162.76. Moreover, exceptionally high trading volume at 329% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
THC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Tenet Healthcare has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Tenet Healthcare has a good Appreciation Score of 72 and a very high Power Rating of 96, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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