Royal Bank of Canada Begins Coverage on Ardent Health Partners (NYSE:ARDT)

Royal Bank of Canada initiated coverage on shares of Ardent Health Partners (NYSE:ARDT) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $23.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Ardent Health Partners in a research report on Monday. They issued a neutral rating and a $18.00 price target on the stock. Mizuho began coverage on Ardent Health Partners in a research report on Monday. They issued an outperform rating and a $20.00 price target on the stock. Morgan Stanley began coverage on Ardent Health Partners in a research note on Monday. They set an overweight rating and a $27.00 target price for the company. Truist Financial started coverage on Ardent Health Partners in a research report on Monday. They issued a buy rating and a $21.00 price target on the stock. Finally, SVB Leerink started coverage on Ardent Health Partners in a research report on Monday. They issued an outperform rating and a $23.00 price objective for the company. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $21.70.

Ardent Health Partners Stock Up 6.1 %

NYSE ARDT opened at $16.97 on Monday. Ardent Health Partners has a 12-month low of $15.00 and a 12-month high of $18.16.

About Ardent Health Partners

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.