Brokerages Set Ardent Health Partners, LLC (NYSE:ARDT) Target Price at $22.00

Shares of Ardent Health Partners, LLC (NYSE:ARDT) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.00.

Several equities analysts have weighed in on ARDT shares. KeyCorp began coverage on Ardent Health Partners in a research note on Friday, October 11th. They issued an “overweight” rating and a $24.00 target price on the stock. Stephens reiterated an “overweight” rating and issued a $24.00 price target on shares of Ardent Health Partners in a research report on Thursday, September 19th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Ardent Health Partners in a report on Thursday, November 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $20.00 target price on shares of Ardent Health Partners in a report on Tuesday, December 17th. Finally, Leerink Partners upped their price objective on shares of Ardent Health Partners from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

Ardent Health Partners Stock Performance

Shares of NYSE ARDT opened at $15.84 on Thursday. Ardent Health Partners has a fifty-two week low of $14.57 and a fifty-two week high of $20.72. The company has a current ratio of 1.91, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. The firm has a 50 day simple moving average of $16.56.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new stake in Ardent Health Partners during the 3rd quarter worth approximately $28,724,000. Point72 Asset Management L.P. acquired a new position in Ardent Health Partners in the third quarter valued at $27,428,000. Goldentree Asset Management LP acquired a new stake in Ardent Health Partners during the 3rd quarter worth about $22,897,000. Franklin Resources Inc. bought a new stake in Ardent Health Partners in the third quarter worth approximately $15,839,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Ardent Health Partners in the third quarter valued at approximately $13,119,000.

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.