Ramsay Health Care Ltd (ASX: RHC) shares have climbed higher into the green on Thursday morning.
At the time of writing, the ASX healthcare shares are up around 1% and changing hands at $41.62 a piece.
Today's increase comes off the back of a 3.5% price hike yesterday.
The latest share price increase means Ramsay Health Care shares have now recovered around 15% from a dip in early June and are around 20% higher year to date. Over the past year, the shares have risen 17%.
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What happened to Ramsay Health Care shares?
Ramsay Health Care is one of the largest private healthcare providers in the world, with around 500 facilities across 11 countries. Its operations cover Australia, Europe, the UK, and Asia.
The company faced several headwinds in 2025, including depressed earnings, market volatility, and ongoing cost pressures.
The ASX healthcare sector overall was under immense pressure throughout late 2025 and into early 2026, as macroeconomic pressures, rising inflation, higher cost of living, and regulatory uncertainty drove a sector-wide share price downturn.
Why are the ASX healthcare shares now rebounding?
There hasn't been any price-sensitive news out of Ramsay Health Care shares to explain the share price turnaround in June.
It's likely the result of an overall ASX healthcare sector recovery, as investors rotated back into heavily discounted healthcare names and sentiment improved following the company's latest earnings results.
The recovery has also been supported by a turnaround in the company's finances. Ramsay Health Care posted its first-half FY26 results in February, where it confirmed underlying EBIT had grown 7.3%, underlying NPAT was up 8.1%, and its Australian hospital revenue was 8.2% higher. The company's shares spiked by more than 10% on the day of the results.
The stronger half-year result seems to have helped investor sentiment shift from concerns about cost pressures and volatility towards a recovery story.
To me, it looks like investors are still snapping up the shares while they're trading for cheap.
Can Ramsay Health Care shares keep climbing higher? Here's what the experts think
Analysts and brokers are divided about the outlook for Ramsay Health Care shares over the next 12 months.
Market Index data shows brokers are split between a buy and a sell rating. The average $40.60 target price, however, implies a potential 3% downside at the time of writing.
On TradingView data, sentiment is also split. Out of 12 analysts, seven have a hold rating on the healthcare stock. Another four rate the shares as a buy or strong buy, and one has a strong sell stance.
The average $41.30 target price implies a downside of around 1% at the time of writing. But some expect the shares to jump 13% higher to $47.17, and others tip the stock to crash 20% back down to $32.90 a piece.
