Tenet Healthcare Corp (THC): Today's Featured Health Services Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Tenet Healthcare fell 97 cents (-3.7%) to $24.95 on heavy volume. Throughout the day, 4.7 million shares of Tenet Healthcare exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $24.36-$26.12 after having opened the day at $26.12 as compared to the previous trading day's close of $25.92. Other companies within the Health Services industry that declined today were:
(
), down 12.4%,
(
), down 12.3%,
(
), down 8.7%, and
(
), down 7.7%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Tenet Healthcare Corporation, an investor-owned health care services company, owns and operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, and related health care facilities in the United States. Tenet Healthcare has a market cap of $2.61 billion and is part of the health care sector. The company has a P/E ratio of 45.9, above the S&P 500 P/E ratio of 17.7. Shares are up 17.4% year to date as of the close of trading on Monday. Currently there are three analysts that rate Tenet Healthcare a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates Tenet Healthcare as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and poor profit margins.
- You can view the full Tenet Healthcare Ratings Report.
On the positive front,
(
), up 25%,
(
), up 8.8%,
(
), up 8.3%, and
(
), up 7.8%, were all gainers within the health services industry with
(
) being today's featured health services industry leader.
- Use our health services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider
Health Care Select Sector SPDR
(
) while those bearish on the health services industry could consider
ProShares Ultra Short Health Care
(
).
- Find other investment ideas from our top rated ETFs lists.
FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!
.
null