ValuEngine upgraded shares of Community Health Systems (NYSE:CYH) from a hold rating to a buy rating in a report released on Tuesday.
Several other equities research analysts have also recently weighed in on CYH. Cantor Fitzgerald reissued a hold rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Tuesday, May 1st. Jefferies Group set a $5.00 price objective 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. Zacks Investment Research cut Community Health Systems from a hold rating to a sell rating in a research report on Wednesday, February 28th. Finally, Wells Fargo began coverage on Community Health Systems in a research report on Tuesday, January 30th. They issued an underperform rating and a $4.50 price objective for the company. Eight research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Community Health Systems currently has a consensus rating of Hold and an average price target of $5.87.
CYH opened at $4.44 on Tuesday. Community Health Systems has a 1-year low of $3.69 and a 1-year high of $10.18. The company has a debt-to-equity ratio of -19.76, a current ratio of 1.76 and a quick ratio of 1.57. The company has a market capitalization of $527.99 million, a PE ratio of -3.70 and a beta of 1.59.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.27. Community Health Systems had a negative return on equity of 36.38% and a negative net margin of 15.70%. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the business earned $0.07 earnings per share. Community Health Systems’s revenue for the quarter was down 17.8% compared to the same quarter last year. sell-side analysts predict that Community Health Systems will post -1.32 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Community Health Systems in the fourth quarter worth $100,000. Acadian Asset Management LLC bought a new position in Community Health Systems in the fourth quarter worth $157,000. Bank of Montreal Can lifted its position in Community Health Systems by 882.1% in the fourth quarter. Bank of Montreal Can now owns 37,084 shares of the company’s stock worth $158,000 after purchasing an additional 33,308 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Community Health Systems during the fourth quarter valued at $162,000. Finally, Arlington Partners LLC bought a new position in shares of Community Health Systems during the fourth quarter valued at $170,000. 98.98% of the stock is owned by hedge funds and other institutional investors.
About Community Health Systems
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.
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