Tenet Healthcare Stock Buy Hold or Sell Recommendation
| THC Stock | USD 97.86 3.01 3.17% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Tenet Healthcare is 'Buy'. Macroaxis provides Tenet Healthcare buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding THC positions. The advice algorithm takes into account all of Tenet Healthcare's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Tenet Healthcare's buy or sell advice are summarized below:
Real Value 50.03 | Target Price 0.2 | Hype Value 98.38 | Market Value 97.86 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Tenet Healthcare given historical horizon and risk tolerance towards Tenet Healthcare. When Macroaxis issues a 'buy' or 'sell' recommendation for Tenet Healthcare, the advice is generated through an automated system that utilizes algorithms and statistical models.
Tenet |
Execute Tenet Healthcare Buy or Sell Advice
The Tenet recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Tenet Healthcare. Macroaxis does not own or have any residual interests in Tenet Healthcare or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Tenet Healthcare's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Tenet Healthcare Trading Alerts and Improvement Suggestions
| Tenet Healthcare is unlikely to experience financial distress in the next 2 years | |
| Tenet Healthcare has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
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Tenet Healthcare Returns Distribution Density
The distribution of Tenet Healthcare's historical returns is an attempt to chart the uncertainty of Tenet Healthcare's future price movements. The chart of the probability distribution of Tenet Healthcare daily returns describes the distribution of returns around its average expected value. We use Tenet Healthcare price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Tenet Healthcare returns is essential to provide solid investment advice for Tenet Healthcare.
| Mean Return | 0.27 | Value At Risk | -2.31 | Potential Upside | 2.98 | Standard Deviation | 1.87 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Tenet Healthcare historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Tenet Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Tenet Healthcare is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Tenet Healthcare backward and forwards among themselves. Tenet Healthcare's institutional investor refers to the entity that pools money to purchase Tenet Healthcare's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| 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. | 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 Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (94M) | (145M) | (52M) | (64M) | (139M) | (132.1M) | |
| Change In Cash | (149M) | 2.2B | (82M) | (1.5B) | 370M | 388.5M | |
| Free Cash Flow | 563M | 2.9B | 910M | 321M | 1.6B | 1.7B | |
| Other Non Cash Items | 344M | 274M | (332M) | 119M | 704M | 801.0M | |
| Dividends Paid | 307M | 287M | 423M | 560M | 644M | 676.2M | |
| Capital Expenditures | 670M | 540M | 658M | 762M | 751M | 712.3M | |
| Net Income | 154M | 768M | 1.5B | 1.0B | 611M | 641.6M | |
| End Period Cash Flow | 262M | 2.4B | 2.4B | 858M | 1.2B | 1.3B | |
| Change To Netincome | 495M | 209M | 503M | 341M | 392.2M | 372.5M | |
| Change Receivables | (247M) | 195M | (197M) | (140M) | (161M) | (169.1M) | |
| Net Borrowings | (482M) | 477M | (349M) | (852M) | (766.8M) | (728.5M) | |
| Investments | (62M) | (44M) | (714M) | (808M) | (942M) | (894.9M) |
Tenet Healthcare Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tenet Healthcare or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tenet Healthcare's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tenet stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 1.65 | |
σ | Overall volatility | 1.87 | |
Ir | Information ratio | 0.1 |
Tenet Healthcare Volatility Alert
Tenet Healthcare has relatively low volatility with skewness of 0.81 and kurtosis of 3.5. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Tenet Healthcare's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Tenet Healthcare's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Tenet Healthcare Fundamentals Vs Peers
Comparing Tenet Healthcare's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Tenet Healthcare's direct or indirect competition across all of the common fundamentals between Tenet Healthcare and the related equities. This way, we can detect undervalued stocks with similar characteristics as Tenet Healthcare or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Tenet Healthcare's fundamental indicators could also be used in its relative valuation, which is a method of valuing Tenet Healthcare by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Tenet Healthcare to competition |
| Fundamentals | Tenet Healthcare | Peer Average |
| Return On Equity | 0.26 | -0.31 |
| Return On Asset | 0.0629 | -0.14 |
| Profit Margin | 0.03 % | (1.27) % |
| Operating Margin | 0.16 % | (5.51) % |
| Current Valuation | 28.2 B | 16.62 B |
| Shares Outstanding | 99.19 M | 571.82 M |
| Shares Owned By Insiders | 1.30 % | 10.09 % |
| Shares Owned By Institutions | 97.81 % | 39.21 % |
| Number Of Shares Shorted | 4.26 M | 4.71 M |
| Price To Earning | 11.95 X | 28.72 X |
| Price To Book | 6.25 X | 9.51 X |
| Price To Sales | 0.49 X | 11.42 X |
| Revenue | 20.55 B | 9.43 B |
| Gross Profit | 7.05 B | 27.38 B |
| EBITDA | 3.3 B | 3.9 B |
| Net Income | 611 M | 570.98 M |
| Cash And Equivalents | 858 M | 2.7 B |
| Cash Per Share | 11.19 X | 5.01 X |
| Total Debt | 16.21 B | 5.32 B |
| Debt To Equity | 3.30 % | 48.70 % |
| Current Ratio | 1.40 X | 2.16 X |
| Book Value Per Share | 16.09 X | 1.93 K |
| Cash Flow From Operations | 2.37 B | 971.22 M |
| Short Ratio | 3.16 X | 4.00 X |
| Earnings Per Share | 5.71 X | 3.12 X |
| Price To Earnings To Growth | 2.20 X | 4.89 X |
| Target Price | 107.69 | |
| Number Of Employees | 78.81 K | 18.84 K |
| Beta | 2.14 | -0.15 |
| Market Capitalization | 9.41 B | 19.03 B |
| Total Asset | 28.31 B | 29.47 B |
| Retained Earnings | (192 M) | 9.33 B |
| Working Capital | 2.41 B | 1.48 B |
Note: Disposition of 1102 shares by Paola Arbour of Tenet Healthcare at 94.29 subject to Rule 16b-3 [view details]
Tenet Healthcare Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Tenet . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 36458.04 | |||
| Daily Balance Of Power | 1.071174 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 97.01 | |||
| Day Typical Price | 97.29 | |||
| Price Action Indicator | 2.36 | |||
| Period Momentum Indicator | 3.01 |
About Tenet Healthcare Buy or Sell Advice
When is the right time to buy or sell Tenet Healthcare? Buying financial instruments such as Tenet Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 15.6B | 15.1B | 16.2B | 17.0B | Total Assets | 27.6B | 27.2B | 28.3B | 29.7B |
Use Investing Ideas to Build Portfolios
In addition to having Tenet Healthcare in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Tenet Healthcare Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.