Ardent Health Partners, LLC (NYSE:ARDT) Receives Consensus Recommendation of “Buy” from Analysts

Ardent Health Partners, LLC (NYSE:ARDT) has been assigned an average recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $21.70.

A number of research analysts have recently commented on the company. Morgan Stanley initiated coverage on Ardent Health Partners in a report on Monday, August 12th. They set an “overweight” rating and a $27.00 price target for the company. Leerink Partnrs upgraded Ardent Health Partners to a “strong-buy” rating in a research report on Monday, August 12th. Truist Financial began coverage on Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $21.00 target price for the company. Stephens reissued an “overweight” rating and issued a $24.00 price target on shares of Ardent Health Partners in a report on Thursday, September 19th. Finally, Bank of America began coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “buy” rating and a $22.00 price objective for the company.

Ardent Health Partners Stock Performance

Shares of ARDT stock opened at $17.60 on Tuesday. Ardent Health Partners has a 12 month low of $15.00 and a 12 month high of $20.30. The company’s 50 day moving average is $17.91.

Ardent Health Partners (NYSE:ARDT) last released its earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, sell-side analysts anticipate that Ardent Health Partners will post 1.25 earnings per share for the current fiscal 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.