Community Health Systems Price Target Cut to $48.00 (CYH)
Research analysts at Barclays reduced their target price on shares of Community Health Systems (NYSE:CYH) from $52.00 to $48.00 in a report released on Wednesday, Stock Ratings News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective points to a potential upside of 10.37% from the stock’s previous close.
Shares of Community Health Systems (NYSE:CYH) traded down 2.38% during mid-day trading on Wednesday, hitting $42.455. The stock had a trading volume of 1,931,606 shares. Community Health Systems has a 1-year low of $32.53 and a 1-year high of $51.29. The stock’s 50-day moving average is $40.23 and its 200-day moving average is $42.39. The company has a market cap of $3.962 billion and a P/E ratio of 22.95.
Community Health Systems (NYSE:CYH) last announced its earnings results on Thursday, October 31st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Community Health Systems will post $2.73 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CYH. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Community Health Systems in a research note to investors on Tuesday. Separately, analysts at CRT Capital reiterated a “fair value” rating on shares of Community Health Systems in a research note to investors on Tuesday. They now have a $45.00 price target on the stock. Finally, analysts at FBR & Co. initiated coverage on shares of Community Health Systems in a research note to investors on Friday, November 8th. They set an “outperform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Community Health Systems currently has an average rating of “Buy” and an average target price of $51.04.
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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