Community Health Systems’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (CYH)
Community Health Systems (NYSE:CYH)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They currently have a $47.00 target price on the stock, up from their previous target price of $46.00. JPMorgan Chase & Co.’s price objective suggests a potential upside of 13.91% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Community Health Systems in a research note on Monday, May 19th. They now have a $42.00 price target on the stock, down previously from $45.00. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Community Health Systems in a research note on Monday, May 12th. They now have a $41.00 price target on the stock, down previously from $45.00. Finally, analysts at RBC Capital cut their price target on shares of Community Health Systems from $64.00 to $60.00 in a research note on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.57.
In other Community Health Systems news, Insider Lynn T. Simon sold 4,902 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $41.75, for a total transaction of $204,658.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Community Health Systems (NYSE:CYH) traded up 1.21% during mid-day trading on Tuesday, hitting $41.76. 614,033 shares of the company’s stock traded hands. Community Health Systems has a one year low of $34.55 and a one year high of $51.29. The stock’s 50-day moving average is $38.54 and its 200-day moving average is $39.49. The company’s market cap is $4.699 billion.
Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, May 6th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.08. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. On average, analysts predict that Community Health Systems will post $2.79 earnings per share 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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