Community Health Systems Receives Average Rating of “Buy” from Analysts (NYSE:CYH)
Shares of Community Health Systems (NYSE:CYH) have received a consensus recommendation of “Buy” from the twenty-one analysts that are presently covering the stock, Stock Ratings News reports. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $50.38.
Several analysts have recently commented on the stock. Analysts at Oppenheimer upgraded shares of Community Health Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $55.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt initiated coverage on shares of Community Health Systems in a research note on Monday, March 31st. They set a “buy” 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 on Tuesday, March 25th. They now have a $36.10 price target on the stock.
Community Health Systems (NYSE:CYH) traded up 1.12% during mid-day trading on Thursday, hitting $37.83. 212,661 shares of the company’s stock traded hands. Community Health Systems has a 52-week low of $34.55 and a 52-week high of $51.29. The stock has a 50-day moving average of $37.38 and a 200-day moving average of $40.28. The company has a market cap of $3.533 billion and a price-to-earnings ratio of 24.77.
Community Health Systems (NYSE:CYH) last posted its quarterly 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 $2.98 EPS for the current fiscal year.
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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