Community Health Systems Stock Rating Reaffirmed by Credit Suisse (CYH)
Community Health Systems (NYSE:CYH)‘s stock had its “outperform” rating reaffirmed by investment analysts at Credit Suisse in a note issued to investors on Tuesday. They currently have a $56.00 price target on the stock, up from their previous price target of $48.00. Credit Suisse’s target price suggests a potential upside of 17.43% from the company’s current price.
A number of other firms have also recently commented on CYH. 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. Separately, 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. Finally, analysts at Oppenheimer raised their price target on shares of Community Health Systems from $55.00 to $60.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $53.26.
Shares of Community Health Systems (NYSE:CYH) traded up 0.15% during mid-day trading on Tuesday, hitting $47.76. 1,663,042 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 $51.40. The stock has a 50-day moving average of $45.26 and a 200-day moving average of $40.92. The company’s market cap is $5.385 billion.
Community Health Systems (NYSE:CYH) last announced its 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. On average, analysts predict that Community Health Systems will post $2.87 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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