Community Health Systems Reaches New 12-Month High at $49.31 (CYH)
Community Health Systems (NYSE:CYH)’s share price reached a new 52-week high on Wednesday , AnalystRatingsNetwork.com reports. The company traded as high as $49.31 and last traded at $48.94, with a volume of 1,566,903 shares trading hands. The stock had previously closed at $48.11.
A number of analysts have recently weighed in on CYH shares. 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. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Community Health Systems has an average rating of “Buy” and a consensus price target of $47.79.
The stock’s 50-day moving average is $44.72 and its 200-day moving average is $40.71. The company’s market cap is $5.593 billion.
Community Health Systems (NYSE:CYH) last released its 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 $2.77 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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