Ardent Health Partners (NYSE:ARDT) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Ardent Health Partners (NYSE:ARDT) in a research note released on Thursday morning,Benzinga reports. They currently have a $23.00 price objective on the stock.

ARDT has been the subject of several other reports. Leerink Partners increased their price objective on shares of Ardent Health Partners from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Loop Capital assumed coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued a “buy” rating and a $18.00 price target on the stock. KeyCorp started coverage on shares of Ardent Health Partners in a research note on Friday, October 11th. They issued an “overweight” rating and a $24.00 price target on the stock. Morgan Stanley assumed coverage on 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. Finally, Citigroup started coverage on Ardent Health Partners in a research report on Monday, August 12th. They issued a “buy” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Ardent Health Partners has an average rating of “Buy” and a consensus price target of $21.82.

Ardent Health Partners Price Performance

NYSE:ARDT opened at $16.61 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. Ardent Health Partners has a 52 week low of $14.57 and a 52 week high of $20.72. The firm’s 50-day simple moving average is $18.18.

Hedge Funds Weigh In On Ardent Health Partners

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in Ardent Health Partners in the 3rd quarter valued at $28,724,000. Point72 Asset Management L.P. purchased a new stake in shares of Ardent Health Partners during the third quarter valued at $27,428,000. Goldentree Asset Management LP bought a new position in shares of Ardent Health Partners in the third quarter worth about $22,897,000. Allspring Global Investments Holdings LLC purchased a new position in Ardent Health Partners in the 3rd quarter worth about $13,119,000. Finally, Soros Fund Management LLC bought a new stake in Ardent Health Partners during the 3rd quarter valued at about $4,595,000.

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.