Community Health Systems (NYSE:CYH)‘s stock had its “buy” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Wednesday, Analyst Ratings.Net reports. They currently have a $67.00 price objective on the stock. RBC Capital’s price target suggests a potential upside of 41.80% from the stock’s previous close.
Community Health Systems (NYSE: CYH) traded up 0.51% on Wednesday, hitting $47.49. Community Health Systems has a 1-year low of $22.51 and a 1-year high of $51.29. The stock’s 50-day moving average is currently $47.59. The company has a market cap of $4.390 billion and a price-to-earnings ratio of 15.89.
Community Health Systems (NYSE:CYH) last released its earnings data on Monday, April 29th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that Community Health Systems will post $3.65 earnings per share for the current fiscal year.
CYH has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Community Health Systems from $55.00 to $60.00 in a research note to investors on Wednesday. They now have a “positive” rating on the stock. Separately, analysts at KeyCorp initiated coverage on shares of Community Health Systems in a research note to investors on Thursday, July 11th. They set a “buy” rating and a $58.00 price target on the stock. Finally, analysts at Mizuho raised their price target on shares of Community Health Systems from $48.00 to $50.00 in a research note to investors on Thursday, June 20th. They now have a “neutral” rating on the stock.
Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.13.
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.
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