A number of firms have modified their ratings and price targets on shares of Community Health Systems (NYSE: CYH) recently:

  • 8/4/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $7.00 price target on the stock.
  • 8/4/2017 – Community Health Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/3/2017 – Community Health Systems had its “sell” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $6.00 price target on the stock.
  • 8/3/2017 – Community Health Systems had its price target lowered by analysts at Deutsche Bank AG from $13.00 to $8.00. They now have a “hold” rating on the stock.
  • 8/2/2017 – Community Health Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Community Health reported adjusted loss of 25 cents per share in the second quarter of 2017, which was narrower than the Zacks Consensus Estimate of a loss of 26 cents. Over last one year, the stock has lost 44%, against the industry’s decline of only 4%. The company severely suffers from rising level of debt that not only increases its financial risk but also raises the interest expenses. The company has lowered its guidance in the second quarter which might put the share price under pressure. Revenue concentration is another major headwind as the company generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. However, the company’s inorganic growth via accretive acquisitions and strategic divestures has been adding to its top line over the past few years.”
  • 8/2/2017 – Community Health Systems had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $7.00 price target on the stock, down previously from $7.50.
  • 7/30/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $7.00 price target on the stock.
  • 7/26/2017 – Community Health Systems had its “sell” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $9.00 price target on the stock.
  • 7/21/2017 – Community Health Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Community Health Systems’ inorganic growth via accretive acquisitions and strategic divestures has been acretive to the company's top-line over the past few years. Well reflective of the company’s strong fundamentals, the stock gained 67% year to date, outperforming the Zacks Categorized Hospitals industry’s increase of 16%. However, rising debt level raise concerns and it faces uncertainty over regulatory reforms. Revenue concentration is another major headwind as the company generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. The Zacks Consensus Estimate for the current quarter, current year and also the next year has gone down significantly in the past 30 days. The company is set to release its second quarter results on Aug 1, after the market closes.”
  • 7/12/2017 – Community Health Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Community Health Systems’ inorganic growth via accretive acquisitions and strategic divestures has been a major revenue driver over past few years. Well reflective of the company’s strong fundamentals, the stock gained 71% year to date, outperforming the Zacks Categorized Hospitals industry’s increase of 16%. However, the company rising debt level raised concerns and it faces uncertainty over regulatory reforms. Revenue concentration is another major headwind as the company generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. In addition, the company has also faced discouraging estimate trend over past few weeks. The Zacks Consensus Estimate for the current quarter, current year and also the  next year has gone down significantly in the past 30 days.”
  • 7/11/2017 – Community Health Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Community Health Systems’ inorganic growth via accretive acquisitions and strategic divestures has been a major revenue driver over past few years. Well reflective of the company’s strong fundamentals, the stock gained 72% year to date, outperforming the Zacks Categorized Hospitals industry’s increase of 16%. However, the company rising debt level raised concerns and it faces uncertainty over regulatory reforms. Revenue concentration is another major headwind as the company generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. In addition, the company has also faced discouraging estimate trend over past few weeks. The Zacks Consensus Estimate for the current quarter, current year and also the  next year has gone down significantly in the past one month.”
  • 6/27/2017 – Community Health Systems was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Community Health Systems, Inc. (NYSE:CYH) traded down 1.23% during mid-day trading on Monday, hitting $6.44. 1,439,345 shares of the stock were exchanged. Community Health Systems, Inc. has a 12-month low of $4.15 and a 12-month high of $13.28. The company’s market capitalization is $721.28 million. The firm has a 50-day moving average price of $9.08 and a 200 day moving average price of $8.69.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.31. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the business posted $0.09 earnings per share. Community Health Systems’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities research analysts expect that Community Health Systems, Inc. will post ($0.08) earnings per share for the current year.

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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