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See what the IHS Markit Score report has to say about Tenet Healthcare Corp.

IHS Markit

Tenet Healthcare Corp

NYSE:THC

Score: Negative (3)

28 days at current score.

Downgraded from Neutral on August 30th 2017

View full report here!

Summary


  • This company ranked negatively compared to the Healthcare sector despite only 1 negative IHS Markit Category
  • Perception of the company's creditworthiness is neutral but weakening
  • Bearish sentiment is high
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Negative

Short interest is extremely high for THC with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting THC.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. The net inflows of $1.92 billion over the last one-month into ETFs that hold THC are not among the highest of the last year and have been slowing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap | Neutral

The current level displays a neutral indicator with a weakening bias over the past 1-month. Although THC credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.

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