Media headlines about Community Health Systems (NYSE:CYH) have trended positive on Saturday, InfoTrie reports. The research firm ranks the sentiment of press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Community Health Systems earned a news impact score of 2.43 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Community Health Systems’ analysis:
Several research analysts recently weighed in on CYH shares. Morgan Stanley decreased their price objective on shares of Community Health Systems from $4.00 to $3.75 and set an “underweight” rating on the stock in a research report on Friday, July 13th. SunTrust Banks restated a “hold” rating and issued a $3.00 price objective on shares of Community Health Systems in a research report on Friday, July 20th. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Jefferies Financial Group reiterated a “hold” rating and set a $4.00 price target on shares of Community Health Systems in a research report on Friday, July 27th. Finally, Bank of America reduced their price target on shares of Community Health Systems from $4.50 to $4.00 and set an “underperform” rating on the stock in a research report on Friday, July 27th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $3.56.
Shares of NYSE CYH opened at $3.79 on Friday. Community Health Systems has a one year low of $2.48 and a one year high of $6.36. The company has a market cap of $433.74 million, a price-to-earnings ratio of -3.16 and a beta of 1.56.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Monday, October 29th. The company reported ($1.64) EPS for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.62). Community Health Systems had a negative net margin of 17.97% and a negative return on equity of 36.38%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the business earned ($0.77) earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. On average, equities research analysts predict that Community Health Systems will post -2.06 EPS for the current fiscal year.
In other news, EVP Benjamin C. Fordham bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were purchased at an average price of $3.16 per share, for a total transaction of $31,600.00. Following the completion of the acquisition, the executive vice president now owns 120,629 shares of the company’s stock, valued at $381,187.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired 25,000 shares of company stock worth $83,350 over the last quarter. Company insiders own 3.80% of the company’s stock.
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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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