Ardent Health Partners, LLC (NYSE:ARDT) Receives Average Rating of “Buy” from Brokerages

Shares of Ardent Health Partners, LLC (NYSE:ARDT) have earned an average rating of “Buy” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.91.

Several research analysts recently issued reports on ARDT shares. JPMorgan Chase & Co. began coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They set a “neutral” rating and a $18.00 price target on the stock. KeyCorp initiated coverage on shares of Ardent Health Partners in a research report on Friday, October 11th. They set an “overweight” rating and a $24.00 target price on the stock. Leerink Partnrs raised shares of Ardent Health Partners to a “strong-buy” rating in a report on Monday, August 12th. Truist Financial began coverage on Ardent Health Partners in a report on Monday, August 12th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Loop Capital initiated coverage on Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $18.00 target price for the company.

Institutional Investors Weigh In On Ardent Health Partners

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Ardent Health Partners during the third quarter worth about $13,119,000. Seven Grand Managers LLC acquired a new stake in Ardent Health Partners in the third quarter worth $2,298,000. Finally, Financial Management Professionals Inc. bought a new position in shares of Ardent Health Partners during the third quarter worth $50,000.

Ardent Health Partners Stock Performance

Shares of NYSE ARDT opened at $17.76 on Friday. Ardent Health Partners has a one year low of $15.00 and a one year high of $20.72. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 1.54. The company has a fifty day moving average price of $18.51.

Ardent Health Partners (NYSE:ARDT) last posted its earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Analysts predict that Ardent Health Partners will post 1.25 earnings per share for the current year.

About Ardent Health Partners

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.