Mizuho reiterated their hold rating on shares of Community Health Systems, Inc. (NYSE:CYH) in a research report report published on Friday, November 3rd. Mizuho currently has a $3.50 price target on the stock.
Several other research firms have also weighed in on CYH. Zacks Investment Research raised shares of Community Health Systems from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research note on Tuesday, July 11th. Piper Jaffray Companies restated a sell rating and set a $9.00 target price on shares of Community Health Systems in a report on Wednesday, July 26th. ValuEngine upgraded shares of Community Health Systems from a sell rating to a hold rating in a report on Friday, September 1st. Jefferies Group LLC restated a hold rating and set a $7.00 target price on shares of Community Health Systems in a report on Tuesday, September 5th. Finally, Robert W. Baird restated a hold rating and set a $7.00 target price on shares of Community Health Systems in a report on Wednesday, October 4th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $6.47.
Community Health Systems (NYSE CYH) opened at $4.23 on Friday. Community Health Systems has a one year low of $4.09 and a one year high of $10.51. The company has a quick ratio of 1.86, a current ratio of 2.05 and a debt-to-equity ratio of 10.62.
Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the business earned ($0.35) EPS. The firm’s revenue was down 16.3% compared to the same quarter last year. equities research analysts expect that Community Health Systems will post -1.25 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of CYH. Alps Advisors Inc. acquired a new position in Community Health Systems during the second quarter worth $107,000. Shelton Capital Management acquired a new position in Community Health Systems during the second quarter worth $110,000. ARP Americas LLC acquired a new position in Community Health Systems during the third quarter worth $121,000. Fox Run Management L.L.C. acquired a new position in Community Health Systems during the second quarter worth $126,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Community Health Systems by 134.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock worth $127,000 after buying an additional 8,200 shares during the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.
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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