Community Health Systems Inc. (CYH) PT Set at $14.00 by Citigroup Inc.
Community Health Systems Inc. (NYSE:CYH) has been given a $14.00 price target by research analysts at Citigroup Inc. in a note issued to investors on Monday. The brokerage presently has a a “hold” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 26.24% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the stock. Vetr downgraded shares of Community Health Systems from a “strong-buy” rating to a “hold” rating and set a $12.50 target price for the company. in a research note on Monday. Susquehanna raised shares of Community Health Systems from a “neutral” rating to a “positive” rating and increased their price target for the stock from $10.78 to $18.00 in a report on Wednesday, September 14th. Barclays PLC reissued a “hold” rating and set a $15.00 price target on shares of Community Health Systems in a report on Friday, August 19th. 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. Finally, Mizuho raised shares of Community Health Systems from an “underperform” rating to a “neutral” rating and set a $10.50 price target for the company in a report on Friday, August 12th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.37.
Shares of Community Health Systems (NYSE:CYH) traded down 9.76% on Monday, hitting $11.09. The stock had a trading volume of 17,083,009 shares. The company’s 50 day moving average is $11.24 and its 200 day moving average is $13.39. The stock’s market cap is $1.23 billion. Community Health Systems has a one year low of $9.66 and a one year high of $42.84.
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Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.47. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The business had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.53 billion. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts predict that Community Health Systems will post $1.34 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Commonwealth Bank of Australia bought a new position in shares of Community Health Systems during the second quarter worth $112,000. Advisors Asset Management Inc. raised its position in shares of 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 during the period. Acrospire Investment Management LLC bought a new position in shares of Community Health Systems during the second quarter worth $131,000. Tower Research Capital LLC TRC raised its position in shares of 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 during the period. Finally, Atria Investments LLC bought a new position in shares of Community Health Systems during the second quarter worth $157,000. Institutional investors own 96.57% of the company’s stock.
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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