Susquehanna Boosts Community Health Systems Price Target to $62.00 (CYH)
Investment analysts at Susquehanna raised their price objective on shares of Community Health Systems (NYSE:CYH) from $55.00 to $62.00 in a note issued to investors on Thursday. Susquehanna’s target price would suggest a potential upside of 20.65% from the company’s current price.
Shares of Community Health Systems (NYSE:CYH) traded down 3.42% during mid-day trading on Thursday, hitting $51.39. The stock had a trading volume of 3,015,993 shares. Community Health Systems has a 52 week low of $34.55 and a 52 week high of $55.70. The stock’s 50-day moving average is $49.31 and its 200-day moving average is $42.54. The company’s market cap is $5.794 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 in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter 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.
A number of other analysts have also recently weighed in 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 eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.87.
In other Community Health Systems news, Director William Norris Jennings unloaded 4,821 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $53.80, for a total transaction of $259,369.80. The transaction was disclosed in a document filed with the SEC, 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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