Community Health Systems Receives Neutral Rating from Citigroup Inc. (CYH)
Community Health Systems (NYSE:CYH)‘s stock had its “neutral” rating reiterated by Citigroup Inc. in a research note issued on Tuesday. They currently have a $54.00 price objective on the stock, up from their previous price objective of $40.00. Citigroup Inc.’s price target points to a potential upside of 13.23% from the stock’s previous close.
A number of other analysts have also recently weighed in on CYH. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Community Health Systems in a research note on Tuesday. They now have a $56.00 price target on the stock, up previously from $48.00. Separately, analysts at RBC Capital raised their price target on shares of Community Health Systems from $60.00 to $74.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Community Health Systems from $47.00 to $51.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Community Health Systems has an average rating of “Buy” and an average price target of $53.26.
Shares of Community Health Systems (NYSE:CYH) traded up 0.80% during mid-day trading on Tuesday, hitting $48.07. 1,478,921 shares of the company’s stock traded hands. Community Health Systems has a one year low of $34.55 and a one year high of $51.40. The stock’s 50-day moving average is $45.26 and its 200-day moving average is $40.92. The company’s market cap is $5.420 billion.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.32 earnings per share. Community Health Systems’s revenue was up 49.8% compared to the same quarter last year. Analysts expect that Community Health Systems will post $2.87 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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