Ardent Health Partners (NYSE:ARDT) Upgraded to Strong-Buy by KeyCorp

KeyCorp upgraded shares of Ardent Health Partners (NYSE:ARDT) to a strong-buy rating in a research report report published on Thursday, Zacks.com reports.

Several other research firms also recently weighed in on ARDT. Bank of America began coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a buy rating and a $22.00 price target for the company. Royal Bank of Canada began coverage on shares of 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. Mizuho assumed coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued an outperform rating and a $20.00 price target for the company. Stephens reissued an overweight rating and set a $24.00 target price on shares of Ardent Health Partners in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They set a neutral rating and a $18.00 target price 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. According to data from MarketBeat, the company has an average rating of Buy and a consensus price target of $21.91.

Ardent Health Partners Stock Performance

ARDT stock opened at $18.98 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. Ardent Health Partners has a 12-month low of $15.00 and a 12-month high of $20.30. The firm has a fifty day moving average price of $17.95.

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 the consensus estimate of $0.30 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Sell-side analysts expect that Ardent Health Partners will post 1.25 EPS for the current fiscal year.

About Ardent Health Partners

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.