Community Health Systems Given New $45.00 Price Target at Cantor Fitzgerald (CYH)
Stock analysts at Cantor Fitzgerald lifted their target price on shares of Community Health Systems (NYSE:CYH) from $42.00 to $45.00 in a report issued on Friday. Cantor Fitzgerald’s price objective indicates a potential upside of 4.31% from the company’s current price.
A number of other firms have also recently commented on CYH. Analysts at KeyCorp reiterated a “buy” rating on shares of Community Health Systems in a research note on Thursday, June 26th. They now have a $51.00 price target on the stock, up previously from $46.00. Separately, analysts at Mizuho raised their price target on shares of Community Health Systems from $38.00 to $47.00 in a research note on Friday, June 20th. They now have a “neutral” rating on the stock. Finally, 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. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Community Health Systems presently has a consensus rating of “Buy” and an average price target of $48.63.
Community Health Systems (NYSE:CYH) traded down 0.65% during mid-day trading on Friday, hitting $42.86. The stock had a trading volume of 620,267 shares. Community Health Systems has a one year low of $34.55 and a one year high of $49.87. The stock has a 50-day moving average of $43.70 and a 200-day moving average of $40.26. The company’s market cap is $4.823 billion.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter 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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