Ardent Health Partners (NYSE:ARDT) Hits New 12-Month High – Still a Buy?

Ardent Health Partners, LLC (NYSE:ARDT) shares reached a new 52-week high on Wednesday . The stock traded as high as $20.36 and last traded at $20.36, with a volume of 41456 shares. The stock had previously closed at $19.35.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank of Canada started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued an “outperform” rating and a $23.00 target price for the company. Truist Financial began coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They set a “buy” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued a “neutral” rating and a $18.00 target price on the stock. Mizuho began coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Stephens restated an “overweight” rating and set a $24.00 target price on shares of Ardent Health Partners in a report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $21.91.

Ardent Health Partners Stock Up 4.4 %

The firm’s 50 day moving average price is $18.06. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 1.54.

Ardent Health Partners (NYSE:ARDT) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. As a group, research analysts forecast that Ardent Health Partners, LLC 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.