Ardent Health Partners (NYSE:ARDT – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.230-1.370 for the period. The company issued revenue guidance of $5.8 billion-$5.9 billion. Ardent Health Partners also updated its FY24 guidance to $1.23-1.37 EPS.
Ardent Health Partners Stock Up 0.2 %
Shares of NYSE:ARDT traded up $0.03 on Wednesday, reaching $16.04. The company had a trading volume of 205,173 shares, compared to its average volume of 333,714. Ardent Health Partners has a twelve month low of $15.00 and a twelve month high of $18.16.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. SVB Leerink started coverage on Ardent Health Partners in a report on Monday. They set an outperform rating and a $23.00 price target for the company. Citigroup initiated coverage on shares of Ardent Health Partners in a research note on Monday. They set a buy rating and a $21.00 target price for the company. Leerink Partnrs upgraded shares of Ardent Health Partners to a strong-buy rating in a report on Monday. Stephens initiated coverage on Ardent Health Partners in a research report on Monday. They set an overweight rating and a $24.00 target price on the stock. Finally, Morgan Stanley began coverage on Ardent Health Partners in a report on Monday. They issued an overweight rating and a $27.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ardent Health Partners presently has an average rating of Buy and an average target price of $21.70.
Ardent Health Partners Company Profile
We are the fourth largest privately held, for-profit operator of hospitals and a leading provider of healthcare services in the United States(1). We currently operate in eight growing mid-sized urban markets across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. We deliver care through a system of 30 acute care hospitals, more than 200 sites of care, and over 1,700 providers that are either employed by or affiliated with us(2), as of March 31, 2024.
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