Community Health Systems Given Average Recommendation of “Buy” by Analysts (NYSE:CYH)
Shares of Community Health Systems (NYSE:CYH) have received a consensus rating of “Buy” from the twenty-two brokerages that are presently covering the stock, AnalystRatings.NET reports. Nine research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $48.63.
CYH has been the subject of a number of recent research reports. Analysts at Cantor Fitzgerald raised their price target on shares of Community Health Systems from $42.00 to $45.00 in a research note on Friday, July 11th. Separately, 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. Finally, 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.
Shares of Community Health Systems (NYSE:CYH) traded up 8.83% on Wednesday, hitting $46.36. 1,273,692 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 $49.87. The stock has a 50-day moving average of $43.7 and a 200-day moving average of $40.36. The company’s market cap is $5.217 billion.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.87 earnings per share. Community Health Systems’s revenue was up 28.1% compared to the same quarter last year. On average, analysts predict that Community Health Systems will post $2.78 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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