Community Health Systems Given New $62.00 Price Target at Deutsche Bank (CYH)
Equities research analysts at Deutsche Bank boosted their target price on shares of Community Health Systems (NYSE:CYH) from $60.00 to $62.00 in a research note issued to investors on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target points to a potential upside of 41.17% from the stock’s previous close.
Shares of Community Health Systems (NYSE:CYH) traded down 1.05% during mid-day trading on Monday, hitting $43.46. The stock had a trading volume of 434,579 shares. Community Health Systems has a 1-year low of $26.33 and a 1-year high of $51.29. The stock’s 50-day moving average is $40.56 and its 200-day moving average is $44.2. The company has a market cap of $4.050 billion and a P/E ratio of 18.74.
Community Health Systems (NYSE:CYH) last released its earnings data on Monday, July 29th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that Community Health Systems will post $2.97 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Community Health Systems in a research note to investors on Tuesday, September 24th. They now have a $42.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Community Health Systems from $52.00 to $56.00 in a research note to investors on Tuesday, September 24th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of Community Health Systems 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. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $51.75.
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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