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

Ardent Health Partners, LLC (NYSE:ARDT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.36 and last traded at $20.36, with a volume of 41456 shares traded. The stock had previously closed at $19.35.

Analysts Set New Price Targets

Several research analysts have recently commented on ARDT shares. Morgan Stanley initiated coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued an “overweight” rating and a $27.00 price target for the company. Leerink Partnrs raised Ardent Health Partners to a “strong-buy” rating in a research note on Monday, August 12th. Royal Bank of Canada initiated coverage on Ardent Health Partners in a research report on Monday, August 12th. They set an “outperform” rating and a $23.00 target price on the stock. Leerink Partners assumed coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They set an “outperform” rating and a $23.00 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 on the stock. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company 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 released its earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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. Equities research analysts forecast that Ardent Health Partners, LLC will post 1.25 earnings per share for the current fiscal year.

Ardent Health Partners Company Profile

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.