Research analysts at JPMorgan Chase & Co. hoisted their target price on shares of Community Health Systems (NYSE:CYH) from $52.00 to $56.00 in a report released on Tuesday, AnalystRatings.Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 42.20% from the stock’s previous close.
Shares of Community Health Systems (NYSE:CYH) traded down 1.30% on Tuesday, hitting $39.38. The stock had a trading volume of 1,211,434 shares. Community Health Systems has a 1-year low of $26.33 and a 1-year high of $51.29. The stock has a 50-day moving average of $41.17 and a 200-day moving average of $44.4. The company has a market cap of $3.670 billion and a P/E ratio of 17.02.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Analysts expect that Community Health Systems will post $2.97 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Community Health Systems (NYSE:CYH) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $42.80 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Community Health Systems (NYSE:CYH) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $42.00 price target on the stock, down previously from $60.00. Finally, analysts at TheStreet downgraded shares of Community Health Systems (NYSE:CYH) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st.
Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Community Health Systems currently has an average rating of “Buy” and a consensus target price of $50.71.
Community Health Systems, Inc, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.