Ardent Health Partners (NYSE:ARDT) Rating Reiterated by Stephens

Ardent Health Partners (NYSE:ARDT)‘s stock had its “overweight” rating reissued by equities researchers at Stephens in a report issued on Thursday, Benzinga reports. They presently have a $24.00 price objective on the stock. Stephens’ price target would indicate a potential upside of 31.29% from the stock’s previous close.

A number of other research firms also recently weighed in on ARDT. Royal Bank of Canada assumed coverage on Ardent Health Partners in a research report on Monday, August 12th. They issued an “outperform” rating and a $23.00 target price for the company. Loop Capital assumed coverage on Ardent Health Partners in a research report on Monday, August 12th. They issued a “buy” rating and a $18.00 target price for the company. Citigroup assumed coverage on Ardent Health Partners in a research report on Monday, August 12th. They issued a “buy” rating and a $21.00 target price for the company. Leerink Partnrs upgraded Ardent Health Partners to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Bank of America assumed coverage on Ardent Health Partners in a research report on Monday, August 12th. They issued a “buy” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $21.70.

Ardent Health Partners Stock Up 1.7 %

Shares of ARDT opened at $18.28 on Thursday. The firm’s 50-day simple moving average is $17.60. Ardent Health Partners has a 12-month low of $15.00 and a 12-month high of $20.30.

Ardent Health Partners (NYSE:ARDT) last issued its quarterly 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 business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. On average, equities analysts forecast that Ardent Health Partners will post 1.25 earnings per share for the current year.

About Ardent Health Partners

We are the fourth largest privately held, for-profit operator of hospitals and a leading provider of healthcare services in the United States(1). We currently operate in eight growing mid-sized urban markets across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. We deliver care through a system of 30 acute care hospitals, more than 200 sites of care, and over 1,700 providers that are either employed by or affiliated with us(2), as of March 31, 2024.