Community Health Systems PT Raised to $47.00 (CYH)
Analysts at Mizuho raised their price objective on shares of Community Health Systems (NYSE:CYH) from $38.00 to $47.00 in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 7.48% from the company’s current price.
In other Community Health Systems news, Insider William S. Hussey sold 100,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $45.03, for a total transaction of $4,503,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CYH has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Community Health Systems in a research note on Tuesday, June 3rd. They now have a $47.00 price target on the stock, up previously from $46.00. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $48.13.
Community Health Systems (NYSE:CYH) traded up 1.21% during mid-day trading on Friday, hitting $44.26. The stock had a trading volume of 215,268 shares. Community Health Systems has a 52-week low of $34.55 and a 52-week high of $49.87. The stock has a 50-day moving average of $40.88 and a 200-day moving average of $39.76. The company’s market cap is $4.981 billion.
Community Health Systems (NYSE:CYH) last released its earnings data 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. Analysts expect that Community Health Systems will post $2.78 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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