Community Health Systems Sets New 52-Week High at $52.79 (CYH)
Community Health Systems (NYSE:CYH) shares reached a new 52-week high during trading on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $52.79 and last traded at $52.79, with a volume of 475,847 shares traded. The stock had previously closed at $51.74.
A number of research firms have recently commented on CYH. 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 company’s stock. Community Health Systems presently has an average rating of “Buy” and a consensus price target of $54.40.
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 $5.965 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, CFO W Larry Cash sold 51,472 shares of Community Health Systems stock in a transaction dated 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 is available at 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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