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 report issued on Wednesday morning. The firm currently has $18.00 price objective on the stock, up from their prior price objective of $10.78.
Several other equities analysts have also weighed in on the company. Vetr lowered Community Health Systems from a strong-buy rating to a buy rating and set a $12.50 target price on the stock. in a report on Tuesday, September 13th. Barclays PLC reaffirmed a hold rating and issued a $15.00 price target on shares of Community Health Systems in a research report on Friday, August 19th. Zacks Investment Research downgraded Community Health Systems from a hold rating to a strong sell rating in a research report on Tuesday, August 16th. Mizuho raised Community Health Systems from an underperform rating to a neutral rating and set a $10.50 price target on the stock in a research report on Friday, August 12th. Finally, Jefferies Group reaffirmed a hold rating on shares of Community Health Systems in a research report on Wednesday, August 10th. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $16.32.
Shares of Community Health Systems (NYSE:CYH) opened at 11.09 on Wednesday. The stock’s 50 day moving average price is $11.05 and its 200-day moving average price is $13.35. The firm’s market capitalization is $1.23 billion. Community Health Systems has a 12 month low of $9.66 and a 12 month high of $40.55.
Community Health Systems (NYSE:CYH) last posted its earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.47. Community Health Systems had a negative net margin of 7.55% and a positive return on equity of 2.10%. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.53 billion. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Community Health Systems will post $1.34 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Commonwealth Bank of Australia purchased a new stake in shares of Community Health Systems during the second quarter worth about $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 valued at $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 valued at $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 valued at $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 valued at $153,000 after buying an additional 12,655 shares in the last quarter. 96.57% of the stock is currently owned by institutional investors.
Community Health Systems Company Profile
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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