Community Health Systems Reaches New 1-Year High at $51.41 (CYH)
Community Health Systems (NYSE:CYH)’s share price hit a new 52-week high during trading on Friday , American Banking & Market News reports. The company traded as high as $51.41 and last traded at $50.81, with a volume of 622,379 shares. The stock had previously closed at $50.66.
A number of analysts have recently weighed in on CYH shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Community Health Systems in a research note on Tuesday, August 5th. They now have a $54.00 price target on the stock, up previously from $40.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Community Health Systems in a research note on Tuesday, August 5th. They now have a $56.00 price target on the stock, up previously from $48.00. Finally, 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, August 5th. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Community Health Systems presently has an average rating of “Buy” and a consensus target price of $54.40.
The stock has a 50-day moving average of $46.18 and a 200-day moving average of $41.. The company’s market cap is $5.742 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 $3.05 earnings per share for the current fiscal year.
In other Community Health Systems news, Insider Michael T. Portacci sold 15,333 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $48.75, for a total transaction of $747,483.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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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