BMO Capital Markets Upgrades Ardent Health (NYSE:ARDT) to “Hold”

Ardent Health (NYSE:ARDTGet Free Report) was upgraded by equities researchers at BMO Capital Markets to a “hold” rating in a report released on Tuesday, Zacks reports.

Other research analysts have also issued reports about the stock. Weiss Ratings lowered shares of Ardent Health from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Zacks Research upgraded shares of Ardent Health from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Wall Street Zen downgraded shares of Ardent Health from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Leerink Partners reiterated an “outperform” rating and issued a $14.00 price target on shares of Ardent Health in a report on Friday, September 18th. Finally, Guggenheim boosted their price objective on shares of Ardent Health from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.79.

Read Our Latest Stock Report on ARDT

Ardent Health Price Performance

Shares of NYSE:ARDT opened at $10.65 on Tuesday. The company has a market cap 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. The business has a fifty day simple moving average of $10.85 and a 200-day simple moving average of $9.93. Ardent Health has a 52 week low of $7.71 and a 52 week high of $15.48. The company has a quick ratio of 1.99, a current ratio of 2.10 and a debt-to-equity ratio of 0.61.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Ardent Health by 3.7% during 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 in the last quarter. Allworth Financial LP increased its holdings in Ardent Health by 131.3% in the 2nd quarter. Allworth Financial LP now owns 2,863 shares of the company’s stock valued at $28,000 after purchasing an additional 1,625 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Ardent Health by 2,036.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,786 shares of the company’s stock valued at $42,000 after purchasing an additional 4,562 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Ardent Health during the second quarter worth about $57,000. Finally, Monetary Solutions Ltd purchased a new stake in shares of Ardent Health in the fourth quarter worth about $79,000.

Ardent Health Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ardent Health (NYSE:ARDT)

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