Ardent Health (NYSE:ARDT) Upgraded to Hold at BMO Capital Markets

BMO Capital Markets upgraded shares of Ardent Health (NYSE:ARDT) to a hold rating in a report published on Tuesday,Zacks reports.

Several other analysts have also recently weighed in on ARDT. Weiss Ratings cut shares of Ardent Health from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Guggenheim boosted their price target on shares of Ardent Health from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada increased their price objective on shares of Ardent Health from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Ardent Health in a research report on Thursday, August 6th. Finally, Leerink Partners reaffirmed an “outperform” rating and set a $14.00 price target on shares of Ardent Health in a report on Friday, September 18th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ardent Health presently has a consensus rating of “Hold” and an average price target of $12.79.

Ardent Health Stock Down 2.7%

Ardent Health stock opened at $10.65 on Tuesday. Ardent Health has a twelve month low of $7.71 and a twelve month high of $15.48. The stock’s fifty day simple moving average is $10.85 and its 200-day simple moving average is $9.93. The company has a current ratio of 2.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.50 billion, a P/E ratio of 19.37, a P/E/G ratio of 3.10 and a beta of 0.71.

Ardent Health (NYSE:ARDT) last released its 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 net margin of 1.22% and a return on equity of 10.35%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Ardent Health has set its FY 2026 guidance at 0.780-1.150 EPS. As a group, equities analysts expect that Ardent Health will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of Ardent Health

Large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Ardent Health by 3.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 29,812 shares of the company’s stock valued at $255,000 after acquiring an additional 1,072 shares during the period. Allworth Financial LP boosted its stake in Ardent Health by 131.3% during the 2nd quarter. Allworth Financial LP now owns 2,863 shares of the company’s stock worth $28,000 after purchasing an additional 1,625 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Ardent Health by 2,036.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,786 shares of the company’s stock worth $42,000 after buying an additional 4,562 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Ardent Health in the 2nd quarter valued at approximately $57,000. Finally, Monetary Solutions Ltd purchased a new position in Ardent Health in the 4th quarter valued at $79,000.

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.