Ardent Health (NYSE:ARDT) Stock Picked Up by Analysts at BMO Capital Markets

Equities research analysts at BMO Capital Markets initiated coverage on shares of Ardent Health (NYSE:ARDT) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage set a “market perform” rating and a $11.00 price target on the stock. BMO Capital Markets’ price target would suggest a potential upside of 5.14% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada upped their price objective on Ardent Health from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Guggenheim upped their price objective on Ardent Health from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Leerink Partners restated an “outperform” rating and set a $14.00 price objective on shares of Ardent Health in a research note on Friday, September 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $13.00 price target on shares of Ardent Health in a research note on Thursday, August 6th. Finally, Wall Street Zen cut Ardent Health from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.79.

Ardent Health Trading Down 0.7%

Ardent Health stock traded down $0.08 during mid-day trading on Tuesday, hitting $10.46. The company’s stock had a trading volume of 408,685 shares, compared to its average volume of 421,332. The company has a 50 day moving average of $10.87 and a 200-day moving average of $9.96. The stock has a market cap of $1.48 billion, a PE ratio of 8.50, a P/E/G ratio of 2.98 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.99 and a current ratio of 2.10. Ardent Health has a one year low of $7.71 and a one year high of $15.48.

Ardent Health (NYSE:ARDT) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Ardent Health had a return on equity of 10.35% and a net margin of 1.22%.The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.59 billion. Ardent Health has set its FY 2026 guidance at 0.780-1.150 EPS. On average, research analysts anticipate that Ardent Health will post 0.96 EPS for the current year.

Institutional Investors Weigh In On Ardent Health

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Ardent Health in the second quarter valued at about $21,415,000. Algert Global LLC raised its stake in Ardent Health by 1,277.3% in the second quarter. Algert Global LLC now owns 597,745 shares of the company’s stock valued at $5,882,000 after buying an additional 554,345 shares during the last quarter. Empowered Funds LLC purchased a new stake in Ardent Health in the second quarter valued at about $5,425,000. First Trust Advisors LP raised its stake in Ardent Health by 70.9% in the first quarter. First Trust Advisors LP now owns 478,795 shares of the company’s stock valued at $4,098,000 after buying an additional 198,595 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Ardent Health in the second quarter valued at about $3,840,000.

Ardent Health Company Profile

Ardent Health is a U.S. healthcare provider that owns and operates hospitals, outpatient facilities and other healthcare services. The company delivers a broad range of medical care, including emergency services, inpatient and outpatient treatment, primary care, specialty care, surgical services, behavioral health and urgent care.

Headquartered in Nashville, Tennessee, Ardent serves communities through a network of hospitals and healthcare sites in several states, including Texas, Oklahoma, New Mexico and Kansas.