Shares of Community Health Systems (NYSE:CYH) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $5.79.
Several brokerages have issued reports on CYH. Cantor Fitzgerald reissued a “hold” rating and issued a $6.00 price target on shares of Community Health Systems in a report on Thursday, February 1st. Jefferies Group set a $5.00 price target on shares of Community Health Systems and gave the company a “hold” rating in a report on Tuesday, March 6th. Zacks Investment Research lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. ValuEngine lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Finally, Mizuho began coverage on shares of Community Health Systems in a report on Friday, March 23rd. They issued a “neutral” rating on the stock.
Large investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new stake in shares of Community Health Systems in the 3rd quarter valued at $154,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Community Health Systems in the 4th quarter valued at $100,000. Acadian Asset Management LLC acquired a new stake in shares of Community Health Systems in the 4th quarter valued at $157,000. Bank of Montreal Can boosted its stake in shares of Community Health Systems by 882.1% in the 4th quarter. Bank of Montreal Can now owns 37,084 shares of the company’s stock valued at $158,000 after purchasing an additional 33,308 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Community Health Systems in the 4th quarter valued at $162,000.
Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, February 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.09. The business had revenue of $3.06 billion for 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%. Community Health Systems’s revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. equities research analysts anticipate that Community Health Systems will post -1.32 EPS for the current fiscal year.
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About Community Health Systems
Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.
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