Vetr cut shares of Community Health Systems (NYSE:CYH) from a hold rating to a sell rating in a research note published on Monday, April 17th. They currently have $8.62 target price on the stock.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Community Health Systems from a strong sell rating to a hold rating in a research note on Tuesday, January 31st. Barclays PLC reiterated a hold rating and issued a $7.00 price target on shares of Community Health Systems in a report on Monday, January 9th. Jefferies Group LLC reiterated a hold rating and issued a $8.00 price target on shares of Community Health Systems in a report on Tuesday, February 21st. Mizuho reiterated a hold rating on shares of Community Health Systems in a report on Monday, March 13th. Finally, Deutsche Bank AG initiated coverage on Community Health Systems in a report on Wednesday, April 5th. They issued a hold rating and a $11.00 price target for the company. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Community Health Systems currently has a consensus rating of Hold and a consensus target price of $8.82.
Community Health Systems (NYSE:CYH) traded up 5.12% during midday trading on Monday, hitting $9.85. The stock had a trading volume of 2,075,487 shares. The company’s market cap is $1.10 billion. The firm’s 50-day moving average price is $9.13 and its 200 day moving average price is $7.41. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $15.52.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Monday, May 1st. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Community Health Systems had a negative return on equity of 0.94% and a negative net margin of 8.44%. The company had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, analysts expect that Community Health Systems will post $0.38 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in CYH. PNC Financial Services Group Inc. increased its stake in shares of Community Health Systems by 20.9% in the third quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the company’s stock worth $101,000 after buying an additional 1,510 shares in the last quarter. World Asset Management Inc increased its stake in Community Health Systems by 3.2% in the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock valued at $110,000 after buying an additional 387 shares during the period. State of Alaska Department of Revenue increased its stake in Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock valued at $111,000 after buying an additional 270 shares during the period. United Capital Financial Advisers LLC increased its stake in Community Health Systems by 45.7% in the fourth quarter. United Capital Financial Advisers LLC now owns 20,099 shares of the company’s stock valued at $112,000 after buying an additional 6,303 shares during the period. Finally, Tudor Investment Corp Et Al bought a new stake in Community Health Systems during the fourth quarter valued at $113,000.
Community Health Systems Company Profile
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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