Barclays set a $3.00 price objective on Community Health Systems (NYSE:CYH) in a research note published on Wednesday morning, TipRanks reports. The brokerage currently has a sell rating on the stock.
CYH has been the topic of several other reports. ValuEngine downgraded shares of Community Health Systems from a buy rating to a hold rating in a report on Monday, February 4th. Zacks Investment Research downgraded shares of Community Health Systems from a buy rating to a hold rating in a report on Thursday, January 24th. Finally, Morgan Stanley set a $4.00 price objective on shares of Community Health Systems and gave the company a sell rating in a report on Friday, February 22nd. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $3.61.
CYH stock opened at $3.26 on Wednesday. Community Health Systems has a 12 month low of $2.48 and a 12 month high of $5.35.
Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, February 20th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.38 billion. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned ($0.28) earnings per share. Research analysts forecast that Community Health Systems will post -1.53 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ausdal Financial Partners Inc. acquired a new position in shares of Community Health Systems in the 4th quarter valued at $28,000. Menta Capital LLC acquired a new position in shares of Community Health Systems in the 4th quarter valued at $29,000. HHM Wealth Advisors LLC acquired a new position in shares of Community Health Systems in the 4th quarter valued at $38,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Community Health Systems in the 1st quarter valued at $45,000. Finally, Thoroughbred Financial Services LLC acquired a new position in shares of Community Health Systems in the 4th quarter valued at $64,000. Hedge funds and other institutional investors own 99.09% of the company’s stock.
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. The company 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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