Community Health Systems (NYSE:CYH) has earned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.79.
A number of research firms recently commented on CYH. ValuEngine raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. Jefferies Group set a $5.00 price target on Community Health Systems and gave the company a “hold” rating in a research report on Tuesday, March 6th. Mizuho began coverage on Community Health Systems in a research report on Friday, March 23rd. They issued a “neutral” rating for the company. Cantor Fitzgerald reissued a “hold” rating and issued a $6.00 price target on shares of Community Health Systems in a research report on Thursday, January 11th. Finally, Zacks Investment Research raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, March 9th.
Shares of NYSE:CYH opened at $4.18 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of -20.06. Community Health Systems has a twelve month low of $3.77 and a twelve month high of $10.51. The company has a market cap of $476.85, a PE ratio of -3.48 and a beta of 1.59.
Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, February 27th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.09. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.53 billion. Community Health Systems had a negative return on equity of 14.18% and a negative net margin of 16.01%. Community Health Systems’s revenue for the quarter was down 31.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. equities analysts predict that Community Health Systems will post -1.33 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in CYH. Dimensional Fund Advisors LP grew its stake in Community Health Systems by 31.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock valued at $49,986,000 after purchasing an additional 1,551,499 shares during the period. OppenheimerFunds Inc. grew its stake in Community Health Systems by 61.5% in the 4th 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. BlackRock Inc. grew its stake in Community Health Systems by 4.7% in the 4th 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. Spark Investment Management LLC bought a new position in Community Health Systems in the 4th quarter valued at $1,951,000. Finally, California Public Employees Retirement System grew its stake in Community Health Systems by 10.6% in the 4th quarter. California Public Employees Retirement System now owns 1,820,003 shares of the company’s stock valued at $7,753,000 after purchasing an additional 174,674 shares during the period.
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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.
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