Community Health Systems Coverage Initiated by Analysts at Credit Suisse (CYH)
Stock analysts at Credit Suisse began coverage on shares of Community Health Systems (NYSE:CYH) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $48.00 price target on the stock. Credit Suisse’s target price suggests a potential upside of 15.36% from the stock’s previous close.
Community Health Systems (NYSE:CYH) traded up 0.67% on Friday, hitting $41.89. 1,423,267 shares of the company’s stock traded hands. Community Health Systems has a 52 week low of $36.52 and a 52 week high of $51.29. The stock’s 50-day moving average is $40.89 and its 200-day moving average is $41.21. The company has a market cap of $3.909 billion and a price-to-earnings ratio of 21.96.
Community Health Systems (NYSE:CYH) last announced its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.51. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.23 billion. Analysts expect that Community Health Systems will post $3.22 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CYH. Analysts at Cantor Fitzgerald raised their price target on shares of Community Health Systems from $41.00 to $45.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Community Health Systems in a research note on Wednesday. They now have a $58.00 price target on the stock. Finally, analysts at Mizuho cut their price target on shares of Community Health Systems from $48.00 to $45.00 in a research note on Wednesday, January 29th. They now have a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Community Health Systems has an average rating of “Buy” and an average price target of $51.66.
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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