Community Health Systems (NYSE: CYH) recently received a number of ratings updates from brokerages and research firms:

  • 9/7/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/5/2017 – 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.
  • 9/1/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $7.00 price target on the stock.
  • 9/1/2017 – Community Health Systems was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/23/2017 – Community Health Systems had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $8.00 price target on the stock, down previously from $10.00.
  • 8/16/2017 – Community Health Systems had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $7.00 price target on the stock, down previously from $8.00.
  • 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.”

Shares of Community Health Systems, Inc. (CYH) traded up 2.59% during midday trading on Thursday, hitting $7.52. The company had a trading volume of 1,002,658 shares. Community Health Systems, Inc. has a 12-month low of $4.15 and a 12-month high of $13.28. The company’s 50-day moving average price is $7.22 and its 200 day moving average price is $8.71. The company’s market capitalization is $841.75 million.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.31). Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. Equities research analysts predict that Community Health Systems, Inc. will post ($0.31) earnings per share for the current fiscal year.

In related news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $7.27 per share, for a total transaction of $71,005,341.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.70% of the company’s stock.

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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