Community Health Systems Inc. (NYSE:CYH) Given Consensus Recommendation of “Hold” by Analysts
Community Health Systems Inc. (NYSE:CYH) has been assigned an average rating of “Hold” from the twenty-five ratings firms that are currently covering the stock. Six research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $15.25.
Several brokerages have weighed in on CYH. Robert W. Baird restated a “neutral” rating and set a $12.00 target price on shares of Community Health Systems in a research report on Monday. Citigroup Inc. set a $14.00 price target on shares of Community Health Systems and gave the company a “hold” rating in a report on Monday. Vetr downgraded shares of Community Health Systems from a “strong-buy” rating to a “hold” rating and set a $12.50 price target on the stock. in a report on Monday. Susquehanna raised shares of Community Health Systems from a “neutral” rating to a “positive” rating and upped their price target for the company from $10.78 to $18.00 in a report on Wednesday, September 14th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $15.00 price target on shares of Community Health Systems in a report on Friday, August 19th.
A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its stake in Community Health Systems by 57.1% in the first quarter. Acadian Asset Management LLC now owns 41,343 shares of the company’s stock worth $766,000 after buying an additional 15,031 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Community Health Systems during the first quarter worth $2,082,000. TIAA CREF Investment Management LLC increased its position in Community Health Systems by 11.8% in the first quarter. TIAA CREF Investment Management LLC now owns 374,989 shares of the company’s stock worth $6,941,000 after buying an additional 39,566 shares during the period. Teachers Advisors Inc. increased its position in Community Health Systems by 6.1% in the first quarter. Teachers Advisors Inc. now owns 110,325 shares of the company’s stock worth $2,042,000 after buying an additional 6,337 shares during the period. Finally, Prudential Financial Inc. increased its position in Community Health Systems by 41.8% in the first quarter. Prudential Financial Inc. now owns 222,696 shares of the company’s stock worth $4,122,000 after buying an additional 65,600 shares during the period. 96.57% of the stock is owned by institutional investors and hedge funds.
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Community Health Systems (NYSE:CYH) traded down 2.25% during mid-day trading on Tuesday, reaching $10.84. 5,868,822 shares of the company traded hands. The stock has a 50-day moving average of $11.05 and a 200 day moving average of $13.35. The stock’s market capitalization is $1.20 billion. Community Health Systems has a 52-week low of $9.66 and a 52-week high of $40.55.
Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.47. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.53 billion. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities research analysts expect that Community Health Systems will post $1.34 earnings per share for the current year.
About Community Health Systems
Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.
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