Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day up 1.5%. By the end of trading, Tenet Healthcare fell $0.50 (-1.2%) to $39.81 on heavy volume. Throughout the day, 3,172,456 shares of Tenet Healthcare exchanged hands as compared to its average daily volume of 1,902,500 shares. The stock ranged in price between $39.58-$41.30 after having opened the day at $40.47 as compared to the previous trading day's close of $40.31. Other companies within the Health Care sector that declined today were:
), down 41.3%,
), down 24.8%,
), down 10.2% and
), down 7.6%.
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Tenet Healthcare Corporation, an investor-owned health care services company, owns and operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, urgent care centers, and related health care facilities in the United States. Tenet Healthcare has a market cap of $4.0 billion and is part of the health services industry. Shares are up 22.7% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Tenet Healthcare a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and revenue growth. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
- You can view the full Tenet Healthcare Ratings Report.
On the positive front,
), up 33.7%,
), up 30.4%,
), up 17.5% and
), up 16.3% , were all gainers within the health care sector with
) being today's featured health care sector leader.
- Use our health care section to find sector-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 care sector could consider
) while those bearish on the health care sector could consider
- Find other investment ideas from our top rated ETFs lists.