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Here's Why Tenet Healthcare (THC) is a Strong Value Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

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Tenet Healthcare (THC)

Founded in 1967 and headquartered in Dallas, TX, Tenet Healthcare Corp., is an investor-owned health care services company, which owns and operates general hospitals and related health care facilities for urban and rural communities in numerous states, and has offices in California and Florida. The company has investments in other health care companies and is one of the largest investor-owned health care delivery systems in the United States.

THC sits at a Zacks Rank #1 (Strong Buy), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Medical - Hospital industry's P/E of 15.8X, shares of Tenet Healthcare are trading at a forward P/E of 15.4X. THC also has a PEG Ratio of 1.4, a Price/Cash Flow ratio of 8.3X, and a Price/Sales ratio of 0.6X.

Many value investors pay close attention to a company's earnings as well. For THC, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $2.59 to $8.74 per share for 2024. Per share THC boasts an average earnings surprise of 56.5%.

Investors should take the time to consider THC for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

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Tenet Healthcare Corporation (THC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research