Community Health Systems Inc. (CYH) Upgraded to “Buy” by Vetr Inc.
Community Health Systems Inc. (NYSE:CYH) was upgraded by Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $11.75 price target on the stock. Vetr‘s target price would suggest a potential upside of 9.71% from the stock’s current price.
Several other analysts have also recently issued reports on the company. Leerink Swann reaffirmed a “hold” rating on shares of Community Health Systems in a report on Tuesday, October 4th. Mizuho reaffirmed a “neutral” rating and set a $10.50 price objective on shares of Community Health Systems in a report on Tuesday, October 4th. Citigroup Inc. set a $12.00 price objective on Community Health Systems and gave the stock a “hold” rating in a report on Saturday, October 1st. Robert W. Baird reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Community Health Systems in a report on Monday, September 19th. Finally, Susquehanna raised Community Health Systems from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $10.78 to $18.00 in a report on Wednesday, September 14th. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.17.
Community Health Systems (NYSE:CYH) traded up 0.66% during trading on Monday, reaching $10.71. 2,930,736 shares of the company traded hands. Community Health Systems has a 52 week low of $9.66 and a 52 week high of $36.14. The company’s 50-day moving average price is $10.80 and its 200 day moving average price is $13.05. The firm’s market capitalization is $1.19 billion.
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Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.47. The firm had revenue of $4.59 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts expect that Community Health Systems will post $1.32 EPS for the current year.
In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 929,813 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was bought at an average cost of $10.27 per share, for a total transaction of $9,549,179.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.60% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new stake in Community Health Systems during the first quarter worth approximately $157,109,000. Systematic Financial Management LP acquired a new stake in Community Health Systems during the second quarter worth approximately $1,571,000. Mason Street Advisors LLC acquired a new stake in Community Health Systems during the second quarter worth approximately $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. Institutional investors own 96.57% of the company’s stock.
Community Health Systems Company Profile
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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