Community Health Systems (NYSE: CYH) has recently received a number of price target changes and ratings updates:

  • 10/12/2017 – 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.
  • 10/11/2017 – Community Health Systems was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/4/2017 – 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.
  • 10/3/2017 – Community Health Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Community Health shares have underperformed the industry in last one year. The company severely suffers from revenue concentration  as it generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. Its performance has been disappointing with revenues declining since past many years. Following lackluster second quarter results, the company has lowered its 2017 EPS guidance. It has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised downward in the past 60 days.”
  • 9/26/2017 – Community Health Systems was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Community Health’s shares have outperformed the industry year to date. The company’s solid inorganic growth story impresses. Accretive acquisitions have aided its top line significantly. Strategic divestures have helped it focus on core operations. Decreasing level of debt since 2016 year end indicates at the company’s operational efficiency. However, revenue concentration is a 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. Following lackluster second quarter results, the company has lowered its 2017 EPS guidance.”
  • 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.

Shares of Community Health Systems, Inc. (CYH) opened at 6.20 on Thursday. The firm’s market capitalization is $694.00 million. The firm’s 50 day moving average is $7.35 and its 200-day moving average is $8.41. Community Health Systems, Inc. has a one year low of $4.15 and a one year high of $10.70.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. On average, equities research analysts predict that Community Health Systems, Inc. will post ($0.35) earnings per share for the current fiscal year.

In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $7.27 per share, for a total transaction of $71,005,341.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is owned by insiders.

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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