Community Health Systems Given New $48.00 Price Target at Mizuho (CYH)
Research analysts at Mizuho upped their target price on shares of Community Health Systems (NYSE:CYH) from $47.00 to $48.00 in a report released on Friday. The firm currently has a “neutral” rating on the stock. Mizuho’s target price points to a potential upside of 0.63% from the stock’s previous close.
Community Health Systems (NYSE:CYH) traded down 0.64% during mid-day trading on Friday, hitting $47.395. The stock had a trading volume of 3,807,406 shares. Community Health Systems has a 52-week low of $34.55 and a 52-week high of $50.00. The stock has a 50-day moving average of $45.00 and a 200-day moving average of $40.83. The company’s market cap is $5.333 billion.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 49.8% on a year-over-year basis. Analysts expect that Community Health Systems will post $2.77 EPS for the current fiscal year.
CYH has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Community Health Systems in a research note on Friday. They now have a $60.00 price target on the stock, up previously from $49.00. Separately, 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. Finally, 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. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Community Health Systems has a consensus rating of “Buy” and a consensus target price of $48.67.
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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