Community Health Systems PT Raised to $55.00 (CYH)
Equities researchers at Susquehanna upped their target price on shares of Community Health Systems (NYSE:CYH) from $50.00 to $55.00 in a research report issued on Monday. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 16.43% from the stock’s previous close.
Community Health Systems (NYSE:CYH) opened at 47.24 on Monday. Community Health Systems has a 1-year low of $34.55 and a 1-year high of $51.40. The stock’s 50-day moving average is $45.1 and its 200-day moving average is $40.88. The company’s market cap is $5.338 billion.
Community Health Systems (NYSE:CYH) last announced its earnings results on Thursday, July 31st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 49.8% on a year-over-year basis. On average, analysts predict that Community Health Systems will post $2.83 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Community Health Systems from $42.00 to $57.00 in a research note on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at Mizuho raised their price target on shares of Community Health Systems from $47.00 to $48.00 in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Community Health Systems from $49.00 to $60.00 in a research note on Friday. They now have a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.01.
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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