Ardent Health Partners (NYSE:ARDT) Earns Overweight Rating from Analysts at KeyCorp

Investment analysts at KeyCorp began coverage on shares of Ardent Health Partners (NYSE:ARDT) in a report issued on Friday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $24.00 price target on the stock. KeyCorp’s price target suggests a potential upside of 26.45% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Citigroup began coverage on Ardent Health Partners in a research report on Monday, August 12th. They set a “buy” rating and a $21.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They issued an “outperform” rating and a $23.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They set an “overweight” rating and a $27.00 price objective for the company. Loop Capital started coverage on Ardent Health Partners in a report on Monday, August 12th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Leerink Partners began coverage on Ardent Health Partners in a report on Monday, August 12th. They set an “outperform” rating and a $23.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $21.91.

Ardent Health Partners Price Performance

Shares of ARDT stock opened at $18.98 on Friday. The firm has a 50 day simple moving average of $17.95. 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 has a 52 week low of $15.00 and a 52 week high of $20.30.

Ardent Health Partners (NYSE:ARDT) last released its earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. As a group, analysts anticipate that Ardent Health Partners will post 1.25 EPS for the current 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.