Community Health Systems Receives Average Recommendation of “Buy” from Analysts (NYSE:CYH)
Community Health Systems (NYSE:CYH) has been given a consensus rating of “Buy” by the twenty-one ratings firms that are presently covering the stock, Stock Ratings Network reports. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $54.40.
Several analysts have recently commented on the stock. 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.
In other Community Health Systems news, CFO W Larry Cash sold 51,472 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $51.02, for a total value of $2,626,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Community Health Systems (NYSE:CYH) traded up 0.52% during mid-day trading on Tuesday, hitting $52.01. The stock had a trading volume of 81,451 shares. Community Health Systems has a 52-week low of $34.55 and a 52-week high of $52.43. The stock has a 50-day moving average of $47. and a 200-day moving average of $41.98. The company’s market cap is $5.864 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 $3.05 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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