Royal Bank of Canada Reiterates “Outperform” Rating for Ardent Health Partners (NYSE:ARDT)

Royal Bank of Canada reaffirmed their outperform rating on shares of Ardent Health Partners (NYSE:ARDT) in a research report report published on Thursday morning,Benzinga reports. The firm currently has a $23.00 price objective on the stock.

Other equities research analysts have also issued research reports about the stock. Mizuho initiated coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued an “outperform” rating and a $20.00 price target for the company. Leerink Partnrs raised Ardent Health Partners to a “strong-buy” rating in a research report on Monday, August 12th. Morgan Stanley initiated coverage on Ardent Health Partners in a research note on Monday, August 12th. They set an “overweight” rating and a $27.00 price objective for the company. Citigroup started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued a “buy” rating and a $21.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They issued a “neutral” rating and a $18.00 price objective on the stock. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Ardent Health Partners has a consensus rating of “Buy” and an average price target of $21.82.

Ardent Health Partners Stock Performance

ARDT stock opened at $16.61 on Thursday. Ardent Health Partners has a 1-year low of $14.57 and a 1-year high of $20.72. The company has a 50-day moving average price of $18.18. The company has a quick ratio of 1.78, a current ratio of 1.91 and a debt-to-equity ratio of 0.78.

Institutional Investors Weigh In On Ardent Health Partners

A number of large investors have recently made changes to their positions in ARDT. BNP Paribas Financial Markets purchased a new position in Ardent Health Partners in the 3rd quarter worth $42,000. Financial Management Professionals Inc. acquired a new position in shares of Ardent Health Partners in the third quarter valued at about $50,000. MetLife Investment Management LLC purchased a new position in shares of Ardent Health Partners in the third quarter worth about $135,000. Quadrature Capital Ltd acquired a new stake in shares of Ardent Health Partners during the third quarter worth about $229,000. Finally, Barclays PLC purchased a new stake in Ardent Health Partners in the third quarter valued at approximately $385,000.

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.