Yahoo Finance Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Tenet Healthcare (THC)
Founded in 1967 and headquartered in Dallas, TX, Tenet Healthcare Corp., is an investor-owned health care services company, which owns and operates general hospitals and related health care facilities for urban and rural communities in numerous states, and has offices in California and Florida. The company has investments in other health care companies and is one of the largest investor-owned health care delivery systems in the United States.
THC is a Zacks Rank #1 (Strong Buy) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 14.8X for the current fiscal year compared to the Medical - Hospital industry's P/E of 14.8X. Additionally, THC has a PEG Ratio of 1.3 and a Price/Cash Flow ratio of 7.3X. Value investors should also note THC's Price/Sales ratio of 0.6X.
Many value investors pay close attention to a company's earnings as well. For THC, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $2.07 to $8.05 per share for 2024. Per share THC boasts an average earnings surprise of 56.5%.
Investors should take the time to consider THC for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Tenet Healthcare Corporation (THC) : Free Stock Analysis Report
