Back to top

Bull of the Day

Zacks Equity Research

Tenet Healthcare Corp. (THC)

THC

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Tenet Healthcare Corp.'s (THC) second-quarter earnings surpassed the Zacks Consensus Estimate and the year-ago results based on growth in revenues arising from higher adjusted admissions, outpatient visits and surgeries, partly offset by a rise in bad debt. We subsequently raise of recommendation from Neutral to Outperform.

The Patient Protection and Affordable Care Act signed in March 2010 is expected to positively impact hospital companies like Tenet Healthcare. It aims to expand the pool of insured patients, which should aid hospitals' bottom lines.

Overall, we believe that growth through the acquisitions, ratings upgrades and volumes can help boost the future earnings outlook. Our six-month target price of $6.00 per share equates to about 10.5x our earnings estimate for 2012, which implies an expected total return of 18.1% over that period.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.59 +6.17%
RAMBUS INC RMBS 12.42 +5.34%
BOFL HOLDING BOFI 85.31 +4.98%
NETFLIX INC NFLX 345.50 +4.25%
VIPSHOP HOLD VIPS 148.00 +3.84%