Community Health Systems Inc. (CYH) Raised to Buy at Vetr Inc.
Community Health Systems Inc. (NYSE:CYH) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The firm presently has a $11.75 price objective on the stock. Vetr‘s target price would indicate a potential upside of 10.43% from the company’s previous close.
Several other research firms have also weighed in on CYH. Ladenburg Thalmann upgraded shares of Community Health Systems from a “not rated” rating to an “underperform” rating in a research note on Monday, June 13th. Credit Suisse Group AG initiated coverage on shares of Community Health Systems in a report on Friday, July 29th. They issued a “neutral” rating and a $14.00 price objective on the stock. Zacks Investment Research raised shares of Community Health Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 26th. Citigroup Inc. dropped their price objective on shares of Community Health Systems from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 5th. Finally, Barclays PLC dropped their price objective on shares of Community Health Systems from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, August 4th. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.17.
Shares of Community Health Systems (NYSE:CYH) opened at 10.64 on Monday. The stock’s market capitalization is $1.18 billion. The firm’s 50-day moving average price is $10.79 and its 200-day moving average price is $13.10. Community Health Systems has a 52-week low of $9.66 and a 52-week high of $36.14.
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Community Health Systems (NYSE:CYH) last released its quarterly earnings data 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. The business had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.53 billion. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities analysts forecast that Community Health Systems will post $1.32 earnings per share for the current fiscal year.
In other Community Health Systems news, major shareholder Tian Qiao Chen bought 929,813 shares of Community Health Systems stock in a transaction on Monday, September 26th. The stock was purchased at an average cost of $10.27 per share, for a total transaction of $9,549,179.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of CYH. Wellington Management Group LLP acquired a new stake in Community Health Systems during the first quarter worth about $157,109,000. Systematic Financial Management LP acquired a new stake in Community Health Systems during the second quarter worth about $1,571,000. Mason Street Advisors LLC acquired a new stake in Community Health Systems during the second quarter worth about $620,000. BNP Paribas Arbitrage SA boosted its stake in Community Health Systems by 240.9% in the second quarter. BNP Paribas Arbitrage SA now owns 79,244 shares of the company’s stock worth $955,000 after buying an additional 56,001 shares during the period. Finally, Teachers Advisors Inc. boosted its stake 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. Hedge funds and other institutional investors own 96.57% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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