Community Health Systems (CYH) Receives New Coverage from Analysts at Goldman Sachs Group

Goldman Sachs Group assumed coverage on shares of Community Health Systems (NYSE:CYH) in a research note published on Wednesday. The firm issued a sell rating and a $3.00 price objective on the stock.

A number of other analysts have also recently issued reports on the company. ValuEngine cut Community Health Systems from a sell rating to a strong sell rating in a research report on Tuesday, November 7th. Morgan Stanley decreased their price target on Community Health Systems from $6.50 to $4.50 and set an underweight rating on the stock in a research note on Friday, November 3rd. Credit Suisse Group started coverage on Community Health Systems in a research note on Thursday, November 2nd. They issued an underperform rating and a $3.50 price target on the stock. Jefferies Group reaffirmed a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research note on Tuesday, September 5th. Finally, JPMorgan Chase & Co. lowered Community Health Systems from a neutral rating to an underweight rating in a research note on Thursday, December 14th. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $6.26.

Community Health Systems (CYH) traded up $0.14 on Wednesday, hitting $4.25. The stock had a trading volume of 2,541,200 shares, compared to its average volume of 3,014,733. The company has a market capitalization of $466.94, a PE ratio of -0.73 and a beta of 1.42. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62. Community Health Systems has a 1-year low of $3.85 and a 1-year high of $10.51.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The business’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.35) earnings per share. analysts anticipate that Community Health Systems will post -1.25 earnings per share for the current year.

In other Community Health Systems news, major shareholder Tian Qiao Chen acquired 406,069 shares of Community Health Systems stock in a transaction on Thursday, December 21st. The shares were bought at an average price of $4.00 per share, with a total value of $1,624,276.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.70% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of CYH. Bank of Montreal Can boosted its stake in Community Health Systems by 158.7% in the second quarter. Bank of Montreal Can now owns 15,702 shares of the company’s stock worth $156,000 after purchasing an additional 9,632 shares in the last quarter. Arizona State Retirement System boosted its stake in Community Health Systems by 0.8% in the second quarter. Arizona State Retirement System now owns 59,800 shares of the company’s stock worth $596,000 after purchasing an additional 500 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Community Health Systems by 101.9% in the second quarter. BNP Paribas Arbitrage SA now owns 59,039 shares of the company’s stock worth $588,000 after purchasing an additional 29,794 shares in the last quarter. American Century Companies Inc. acquired a new position in Community Health Systems in the second quarter worth $400,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Community Health Systems by 4.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,054 shares of the company’s stock worth $240,000 after purchasing an additional 1,115 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.

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About Community Health Systems

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.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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