Ardent Health Partners, LLC (NYSE:ARDT) Given Average Rating of “Buy” by Brokerages

Ardent Health Partners, LLC (NYSE:ARDT) has earned a consensus rating of “Buy” from the twelve analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.82.

A number of equities research analysts have recently commented on ARDT shares. Loop Capital started coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They set a “buy” rating and a $18.00 price target on the stock. Truist Financial assumed coverage on Ardent Health Partners in a report on Monday, August 12th. They issued a “buy” rating and a $21.00 target price for the company. Leerink Partners upped their price target on Ardent Health Partners from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Leerink Partnrs upgraded Ardent Health Partners to a “strong-buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley started coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They set an “overweight” rating and a $27.00 target price on the stock.

Institutional Trading of Ardent Health Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in Ardent Health Partners in the 3rd quarter worth $13,119,000. Seven Grand Managers LLC bought a new position in shares of Ardent Health Partners in the third quarter worth about $2,298,000. Financial Management Professionals Inc. bought a new position in shares of Ardent Health Partners in the third quarter worth about $50,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Ardent Health Partners during the third quarter worth about $526,000. Finally, Wellington Management Group LLP bought a new stake in Ardent Health Partners during the 3rd quarter valued at approximately $28,724,000.

Ardent Health Partners Price Performance

Shares of ARDT stock opened at $15.83 on Wednesday. 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 one year low of $14.57 and a one year high of $20.72. The company’s 50-day moving average price is $17.99.

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.