Community Health Systems (CYH) Upgraded at ValuEngine

ValuEngine upgraded shares of Community Health Systems (NYSE:CYH) from a hold rating to a buy rating in a research note released on Tuesday.

CYH has been the subject of several other reports. Cantor Fitzgerald reaffirmed a hold rating and set a $6.00 price objective on shares of Community Health Systems in a research note on Thursday, February 1st. Jefferies Group set a $5.00 price objective on shares of Community Health Systems and gave the stock a hold rating in a research note on Tuesday, March 6th. Zacks Investment Research lowered shares of Community Health Systems from a hold rating to a sell rating in a research note on Monday, April 2nd. Mizuho assumed coverage on shares of Community Health Systems in a research note on Friday, March 23rd. They set a neutral rating for the company. Finally, Wells Fargo & Co assumed coverage on shares of Community Health Systems in a research note on Tuesday, January 30th. They set an underperform rating and a $4.50 price objective for the company. Eight investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $5.87.

Shares of CYH opened at $4.38 on Tuesday. Community Health Systems has a fifty-two week low of $3.69 and a fifty-two week high of $10.18. The company has a debt-to-equity ratio of -19.76, a quick ratio of 1.57 and a current ratio of 1.76.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, May 1st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.27. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Community Health Systems had a negative net margin of 15.70% and a negative return on equity of 36.38%. Community Health Systems’s quarterly revenue was down 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. equities analysts anticipate that Community Health Systems will post -1.33 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of CYH. PointState Capital LP purchased a new stake in shares of Community Health Systems during the first quarter valued at $12,057,000. OppenheimerFunds Inc. boosted its stake in shares of Community Health Systems by 61.5% during the fourth quarter. OppenheimerFunds Inc. now owns 2,589,076 shares of the company’s stock valued at $11,030,000 after purchasing an additional 985,601 shares during the period. Tricadia Capital Management LLC purchased a new stake in shares of Community Health Systems during the first quarter valued at $2,892,000. BlackRock Inc. boosted its stake in shares of Community Health Systems by 4.7% during the fourth quarter. BlackRock Inc. now owns 14,960,922 shares of the company’s stock valued at $63,734,000 after purchasing an additional 672,638 shares during the period. Finally, Saba Capital Management L.P. boosted its stake in shares of Community Health Systems by 8.0% during the first quarter. Saba Capital Management L.P. now owns 7,375,578 shares of the company’s stock valued at $29,207,000 after purchasing an additional 547,371 shares during the period. 98.98% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

Receive News & Ratings for Community Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Wyndham Destinations  Earns Market Perform Rating from Analysts at Wolfe Research
Wyndham Destinations Earns Market Perform Rating from Analysts at Wolfe Research
Somewhat Critical Press Coverage Somewhat Unlikely to Affect Capitala Finance  Stock Price
Somewhat Critical Press Coverage Somewhat Unlikely to Affect Capitala Finance Stock Price
Royal Bank of Canada  Upgraded to Outperform at National Bank Financial
Royal Bank of Canada Upgraded to Outperform at National Bank Financial
Zacks: Brokerages Anticipate Waters Co.  Will Post Earnings of $1.92 Per Share
Zacks: Brokerages Anticipate Waters Co. Will Post Earnings of $1.92 Per Share
Analysts Set Royal Bank of Scotland Group  Target Price at $286.95
Analysts Set Royal Bank of Scotland Group Target Price at $286.95
Telecom Argentina  Receives $38.00 Consensus PT from Analysts
Telecom Argentina Receives $38.00 Consensus PT from Analysts


Leave a Reply

© 2006-2018 Ticker Report. Google+.