Community Health Systems Rating Reiterated by Citigroup Inc. (CYH)
Community Health Systems (NYSE:CYH)‘s stock had its “hold” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday, StockRatingsNetwork.com reports. They currently have a $42.00 price target on the stock. Citigroup Inc.’s price target indicates a potential upside of 6.65% from the stock’s previous close.
Community Health Systems (NYSE:CYH) traded down 1.30% during mid-day trading on Tuesday, hitting $39.38. 1,211,434 shares of the company’s stock traded hands. Community Health Systems has a 52-week low of $26.33 and a 52-week high of $51.29. The stock has a 50-day moving average of $40.9 and a 200-day moving average of $44.41. The company has a market cap of $3.670 billion and a P/E ratio of 17.02.
Community Health Systems (NYSE:CYH) last released its earnings data on Monday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.01. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the company posted $0.93 earnings per share. Community Health Systems’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that Community Health Systems will post $2.97 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CYH. Analysts at JPMorgan Chase & Co. raised their price target on shares of Community Health Systems (NYSE:CYH) from $52.00 to $56.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Community Health Systems (NYSE:CYH) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $42.80 price target on the stock. Finally, analysts at TheStreet downgraded shares of Community Health Systems (NYSE:CYH) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st.
Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $50.71.
Community Health Systems, Inc, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.
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