Community Health Systems Inc. (CYH) Upgraded to Positive by Susquehanna
Susquehanna upgraded shares of Community Health Systems Inc. (NYSE:CYH) from a neutral rating to a positive rating in a research note released on Wednesday morning. The brokerage currently has $18.00 target price on the stock, up from their prior target price of $10.78.
A number of other brokerages have also recently issued reports on CYH. Vetr cut shares of Community Health Systems from a strong-buy rating to a buy rating and set a $12.50 price objective for the company. in a report on Tuesday, September 13th. Leerink Swann cut shares of Community Health Systems from an outperform rating to a market perform rating and reduced their price objective for the company from $21.00 to $13.00 in a report on Tuesday, August 9th. Citigroup Inc. reduced their price objective on shares of Community Health Systems from $17.00 to $14.00 and set a neutral rating for the company in a report on Friday, August 5th. Morgan Stanley reiterated a sell rating and set a $15.00 price objective on shares of Community Health Systems in a report on Wednesday, August 3rd. Finally, Zacks Investment Research cut shares of Community Health Systems from a hold rating to a strong sell rating in a report on Tuesday, August 16th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $16.32.
Community Health Systems (NYSE:CYH) opened at 11.09 on Wednesday. Community Health Systems has a 12-month low of $9.66 and a 12-month high of $40.55. The company’s market capitalization is $1.23 billion. The firm has a 50-day moving average of $11.05 and a 200 day moving average of $13.35.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.47. The company earned $4.59 billion during the quarter, compared to analyst estimates of $4.53 billion. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. Analysts forecast that Community Health Systems will post $1.34 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Commonwealth Bank of Australia purchased a new stake in Community Health Systems during the second quarter worth $112,000. Advisors Asset Management Inc. boosted its position in Community Health Systems by 9.6% in the second quarter. Advisors Asset Management Inc. now owns 10,750 shares of the company’s stock worth $130,000 after buying an additional 939 shares in the last quarter. Acrospire Investment Management LLC bought a new position in Community Health Systems during the second quarter worth approximately $131,000. Tower Research Capital LLC TRC boosted its position in Community Health Systems by 282.7% in the second quarter. Tower Research Capital LLC TRC now owns 11,301 shares of the company’s stock worth $136,000 after buying an additional 8,348 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in Community Health Systems by 28,122.2% in the second quarter. JFS Wealth Advisors LLC now owns 12,700 shares of the company’s stock worth $153,000 after buying an additional 12,655 shares in the last quarter. 96.57% of the stock is currently owned by institutional investors and hedge funds.
About Community Health Systems
Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.
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