Community Health Systems (NYSE:CYH – Get Rating) had its price target lowered by Oppenheimer research analysts from $16.00 to $6.00 in a research note released Friday to investors, reports The Fly. Oppenheimer’s price target indicates upside potential of 102.70% from the current stock price.
Several other research analysts have also recently published reports on CYH. Citigroup cut its price target on Community Health Systems stock from $18.00 to $14.00 in a Friday, April 29 research report. Credit Suisse Group set a price target of $8.00 on shares of Community Health Systems in a research report on Tuesday, July 19. Loop Capital began covering community health systems stocks in a research report on Thursday, June 16. They issued a “hold” rating and a price target of $5.00 on the stock. StockNews.com took over coverage of Community Health Systems stocks in a Thursday, March 31 research report. They issued a “hold” rating on the stock. Finally, Bank of America downgraded Community Health Systems from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $7.50 to $5.50 in a research note from the Wednesday, June 15. One analyst rated the stock with a sell rating and seven rated the company with a hold rating. According to MarketBeat, Community Health Systems currently has an average rating of “Hold” and an average target price of $9.44.
Performance of community health system stocks
Shares of CYH opened at $2.96 on Friday. The company has a market capitalization of $398.69 million, a PE ratio of 1.33, a PEG ratio of 0.29 and a beta of 1.95. The company’s 50-day moving average price is $4.49 and its 200-day moving average price is $8.69. Community health systems have a 52-week minimum of $2.91 and a 52-week maximum of $15.29.
Community Health Systems (NYSE:CYH – Get Rating) last released quarterly earnings data on Wednesday, July 27. The company reported ($2.52) earnings per share for the quarter, missing analyst consensus estimates of ($0.01) by ($2.51). Community Health Systems had a negative return on equity of 20.58% and a net margin of 2.36%. The company posted revenue of $2.93 billion in the quarter, versus analyst estimates of $3.14 billion. In the same quarter a year earlier, the company posted earnings per share of $0.23. Community Health Systems’ quarterly revenue decreased 2.4% from the same quarter last year. On average, stock analysts expect Community Health Systems to post earnings per share of 0.91 for the current fiscal year.
Insiders place their bets
In other Community Health Systems news, Director James S. Ely III acquired 10,000 shares of the company in a transaction dated Thursday, June 2. The stock was purchased at an average price of $5.00 per share, with a total value of $50,000.00. Following the purchase, the director now owns 301,299 shares of the company, valued at $1,506,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders hold 8.40% of the shares of the company.
Institutional entries and exits
Several institutional investors have recently changed their stake in the company. BlackRock Inc. increased its position in Community Health Systems by 0.5% during the 1st quarter. BlackRock Inc. now owns 19,414,591 shares of the company valued at $230,450,000 after purchasing an additional 93,270 shares in the last quarter. Vanguard Group Inc. increased its equity stake in Community Health Systems by 1.9% during the first quarter. Vanguard Group Inc. now owns 10,407,148 shares of the company valued at $123,532,000 after acquiring an additional 198,080 shares in the last quarter. Eversept Partners LP increased its equity stake in Community Health Systems by 11.3% in Q1. Eversept Partners LP now owns 7,126,711 shares of the company valued at $84,594,000 after acquiring an additional 724,401 shares in the last quarter. State Street Corp increased its stake in Community Health Systems shares by 4.2% in the first quarter. State Street Corp now owns 4,163,004 shares of the company valued at $49,415,000 after acquiring an additional 167,247 shares in the last quarter. Finally, DG Capital Management LLC increased its equity stake in Community Health Systems by 47.8% in the first quarter. DG Capital Management LLC now owns 3,252,869 shares of the company worth $38,612,000 after purchasing an additional 1,052,327 shares in the last quarter. 78.41% of the shares are currently held by institutional investors.
About Community Health Systems
(Get a rating)
Community Health Systems, Inc. owns, leases and operates general acute care hospitals in the United States. It offers general acute care, emergency, general and specialized surgery, intensive care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services, as well as nursing and care services. qualified home.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in community health systems right now?
Before you consider community health systems, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Community Health Systems was not on the list.
While Community Health Systems currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here