Community Health Systems (NYSE:CYH)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Bank of America in a report released on Wednesday, Market Beat Ratings reports. They presently have a $19.00 price objective on the stock. Bank of America’s price target would suggest a potential upside of 9.38% from the company’s current price.
Community Health Systems (NYSE:CYH) traded up 3.7427% during trading on Wednesday, hitting $18.0201. The company had a trading volume of 3,373,751 shares. The company has a market capitalization of $1.98 billion and a price-to-earnings ratio of 13.1726. The firm has a 50-day moving average of $16.74 and a 200 day moving average of $28.25. Community Health Systems has a 12-month low of $12.86 and a 12-month high of $65.00.
Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, February 16th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by $1.23. During the same quarter last year, the company posted $1.23 earnings per share. The company earned $4.80 billion during the quarter, compared to analyst estimates of $4.99 billion. On average, equities research analysts forecast that Community Health Systems will post $3.22 earnings per share for the current year.
CYH has been the topic of several other research reports. Zacks Investment Research raised Community Health Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 12th. Cantor Fitzgerald reissued a “hold” rating and issued a $16.00 price objective on shares of Community Health Systems in a research note on Wednesday, February 17th. Susquehanna reduced their price objective on Community Health Systems from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 17th. Jefferies Group lowered Community Health Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $83.00 to $18.00 in a research note on Tuesday, February 16th. Finally, SunTrust lowered Community Health Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 16th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.16.
Several institutional investors have recently made changes to their positions in CYH. HL Financial Services LLC purchased a new position in shares of Community Health Systems during the fourth quarter worth $260,000. BKS Advisors LLC raised its position in shares of Community Health Systems by 43.0% in the fourth quarter. BKS Advisors LLC now owns 10,520 shares of the company’s stock worth $279,000 after buying an additional 3,165 shares during the period. Fulton Bank raised its position in shares of Community Health Systems by 50.1% in the fourth quarter. Fulton Bank now owns 13,064 shares of the company’s stock worth $347,000 after buying an additional 4,362 shares during the period. Horrell Capital Management Inc. raised its position in shares of Community Health Systems by 0.7% in the fourth quarter. Horrell Capital Management Inc. now owns 26,782 shares of the company’s stock worth $711,000 after buying an additional 184 shares during the period. Finally, First Mercantile Trust Co. raised its position in shares of Community Health Systems by 63.9% in the fourth quarter. First Mercantile Trust Co. now owns 27,700 shares of the company’s stock worth $735,000 after buying an additional 10,800 shares during the period.
Community Health Systems, Inc is a hospital company and an operator of acute care hospitals in communities across 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. It operates in two operating segments: hospital operations and home care agencies operations.
