Community Health Systems, Inc. (NYSE:CYH) had its price objective trimmed by Morgan Stanley from $6.50 to $4.50 in a report released on Friday, November 3rd. The firm currently has an underweight rating on the stock.
A number of other analysts have also recently commented on CYH. ValuEngine upgraded shares of Community Health Systems from a sell rating to a hold rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Community Health Systems from a hold rating to a strong sell rating in a report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a hold rating and set a $7.00 target price on shares of Community Health Systems in a report on Friday, August 4th. UBS AG reissued a neutral rating and issued a $8.00 price target (down previously from $10.00) on shares of Community Health Systems in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reissued a hold rating and issued a $7.00 price target on shares of Community Health Systems in a report on Sunday, July 30th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. Community Health Systems has a consensus rating of Hold and an average target price of $6.47.
Community Health Systems (NYSE CYH) opened at $4.27 on Friday. Community Health Systems has a 1-year low of $4.25 and a 1-year high of $10.51. The company has a debt-to-equity ratio of 10.62, a quick ratio of 1.86 and a current ratio of 2.05.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.47). The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.70 billion. Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The company’s revenue was down 16.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.35) earnings per share. equities research analysts anticipate that Community Health Systems will post -1.25 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. purchased a new stake in shares of Community Health Systems in the 2nd quarter worth about $107,000. Shelton Capital Management purchased a new position in shares of Community Health Systems in the second quarter worth $110,000. ARP Americas LLC bought a new position in Community Health Systems during the third quarter valued at $121,000. Fox Run Management L.L.C. bought a new position in shares of Community Health Systems in the second quarter worth about $126,000. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Community Health Systems by 134.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock valued at $127,000 after purchasing an additional 8,200 shares during the last quarter. 99.49% of the stock is currently owned by institutional investors.
About Community Health Systems
Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.
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