Ardent Health Partners (NYSE:ARDT – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.23-1.37 for the period, compared to the consensus estimate of $1.21. The company issued revenue guidance of $5.75-5.90 billion, compared to the consensus revenue estimate of $5.84 billion.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Mizuho began coverage on Ardent Health Partners in a research note on Monday. They issued an outperform rating and a $20.00 price objective on the stock. Morgan Stanley started coverage on shares of Ardent Health Partners in a research report on Monday. They set an overweight rating and a $27.00 price objective for the company. Stephens began coverage on shares of Ardent Health Partners in a report on Monday. They issued an overweight rating and a $24.00 target price on the stock. JPMorgan Chase & Co. began coverage on Ardent Health Partners in a report on Monday. They set a neutral rating and a $18.00 price target for the company. Finally, Loop Capital started coverage on Ardent Health Partners in a report on Monday. They set a buy rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given 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 $21.70.
Check Out Our Latest Report on Ardent Health Partners
Ardent Health Partners Stock Performance
About Ardent Health Partners
We are the fourth largest privately held, for-profit operator of hospitals and a leading provider of healthcare services in the United States(1). We currently operate in eight growing mid-sized urban markets across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. We deliver care through a system of 30 acute care hospitals, more than 200 sites of care, and over 1,700 providers that are either employed by or affiliated with us(2), as of March 31, 2024.
Further Reading
- Five stocks we like better than Ardent Health Partners
- The How and Why of Investing in Gold Stocks
- Brinker International’s Price Dip is an Appetizing Entry Point
- What is a SEC Filing?
- 3 Stocks That Could Beat the September Blues
- 3 REITs to Buy and Hold for the Long Term
- Canopy Growth Stock: Can It Sustain Recent Gains?
Receive News & Ratings for Ardent Health Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardent Health Partners and related companies with MarketBeat.com's FREE daily email newsletter.