Community Health Systems Inc. (NYSE:CYH) received a $14.00 price target from Citigroup Inc. in a research note issued on Monday. The brokerage presently has a a “hold” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 30.11% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Vetr downgraded shares of Community Health Systems from a “strong-buy” rating to a “hold” rating and set a $12.50 price objective for the company. in a research report on Monday. Susquehanna raised shares of Community Health Systems from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $10.78 to $18.00 in a research report on Wednesday, September 14th. Barclays PLC reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Community Health Systems in a research report on Friday, August 19th. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research 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 objective for the company in a research report on Friday, August 12th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company. Community Health Systems currently has a consensus rating of “Hold” and a consensus target price of $16.32.
Community Health Systems (NYSE:CYH) opened at 10.76 on Monday. The company has a 50-day moving average of $11.00 and a 200-day moving average of $13.33. The company’s market capitalization is $1.19 billion. Community Health Systems has a 52 week low of $9.66 and a 52 week high of $40.55.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm earned $4.59 billion during the quarter, compared to the consensus estimate of $4.53 billion. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Community Health Systems will post $1.34 EPS for the current year.
Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new stake in Community Health Systems during the first quarter valued at $157,109,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in Community Health Systems during the second quarter valued at approximately $59,988,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Community Health Systems during the second quarter valued at approximately $41,896,000. JPMorgan Chase & Co. raised its position in Community Health Systems by 417.6% in the second quarter. JPMorgan Chase & Co. now owns 2,404,267 shares of the company’s stock valued at $28,971,000 after buying an additional 1,939,765 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Community Health Systems by 41.7% in the second quarter. BlackRock Fund Advisors now owns 6,020,839 shares of the company’s stock valued at $72,551,000 after buying an additional 1,771,171 shares in the last quarter. Hedge funds and other institutional investors own 96.57% of the company’s stock.
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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