Mizuho Reaffirms Hold Rating for Community Health Systems (CYH)

Community Health Systems (NYSE:CYH)‘s stock had its “hold” rating restated by Mizuho in a report released on Thursday. They presently have a $4.50 price objective on the stock. Mizuho’s price target points to a potential upside of 9.49% from the stock’s current price.

A number of other brokerages have also weighed in on CYH. Zacks Investment Research lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Cantor Fitzgerald reiterated a “hold” rating and set a $6.00 target price on shares of Community Health Systems in a research note on Thursday, February 1st. Wells Fargo began coverage on shares of Community Health Systems in a research note on Tuesday, January 30th. They set an “underperform” rating and a $4.50 target price for the company. ValuEngine lowered shares of Community Health Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Finally, Jefferies Group set a $5.00 target price on shares of Community Health Systems and gave the company a “hold” rating in a research note on Tuesday, March 6th. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.04.

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Shares of Community Health Systems stock opened at $4.11 on Thursday. The firm has a market cap of $489.46, a price-to-earnings ratio of -0.19 and a beta of 1.52. The company has a debt-to-equity ratio of -20.06, a quick ratio of 1.54 and a current ratio of 1.73. Community Health Systems has a 12 month low of $3.85 and a 12 month high of $10.51.

Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, February 27th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.09. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.53 billion. Community Health Systems had a negative net margin of 16.01% and a negative return on equity of 14.18%. The company’s quarterly revenue was down 31.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. equities research analysts predict that Community Health Systems will post -1.31 earnings per share for the current year.

In related news, major shareholder Tian Qiao Chen acquired 995,551 shares of Community Health Systems stock in a transaction dated Wednesday, January 10th. The stock was purchased at an average cost of $3.97 per share, for a total transaction of $3,952,337.47. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.70% of the company’s stock.

Several large investors have recently bought and sold shares of CYH. JPMorgan Chase & Co. increased its stake in shares of Community Health Systems by 226.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock worth $31,880,000 after purchasing an additional 2,932,700 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Community Health Systems by 31.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock worth $49,986,000 after buying an additional 1,551,499 shares during the period. OppenheimerFunds Inc. boosted its holdings in Community Health Systems by 61.5% in the 4th quarter. OppenheimerFunds Inc. now owns 2,589,076 shares of the company’s stock worth $11,030,000 after buying an additional 985,601 shares during the period. BlackRock Inc. boosted its holdings in Community Health Systems by 4.7% in the 4th quarter. BlackRock Inc. now owns 14,960,922 shares of the company’s stock worth $63,734,000 after buying an additional 672,638 shares during the period. Finally, Spark Investment Management LLC bought a new position in Community Health Systems in the 4th quarter worth $1,951,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

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Community Health Systems Company Profile

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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