Shares of Ardent Health Partners (NYSE:ARDT) rose 4.9%

Shares of Ardent Health Partners, LLC (NYSE:ARDT – Get Free Report ) traded up 4.9% during trading on Monday. The company traded as high as $19.19 and last traded at $19.18. 239,037 shares traded hands during mid-day trading, down 43% from the session’s average volume of 417,847 shares. Shares previously closed at $18.28.

The Wall Street analyst weighs in

Several equities research analysts recently issued reports on the stock. Citigroup initiated coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set a “buy” rating and a $21.00 price target on the stock. Mizuho assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They set an “outperform” rating and a $20.00 price target on the stock. Royal Bank of Canada initiated coverage on Ardent Health Partners in a research note on Monday, August 12th. They issued an “outperform” rating and a $23.00 price target for the company. Loop Capital started coverage on Ardent Health Partners in a research report on Monday, August 12th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Truist Financial assumed coverage on Ardent Health Partners in a research report on Monday, August 12th. They issued a “buy” rating and a $21.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Ardent Health Partners presently has an average rating of “Buy” and an average price target of $21.70, based on data from MarketBeat.

Check out the latest stock analysis on ARDT

Ardent Health Partners price performance

The company has a 50-day moving average price of $17.60.

Ardent Health Partners (NYSE:ARDT – Get Free Report ) last announced its earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. On average, equities analysts anticipate that Ardent Health Partners, LLC will post 1.25 EPS for the current fiscal year.

About Ardent Health Partners

(Get a free report)

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

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