Community Health Systems (NYSE:CYH)‘s stock had its “hold” rating reiterated by research analysts at Citigroup Inc. in a report released on Tuesday, American Banking & Market News reports. They currently have a $42.00 price objective on the stock. Citigroup Inc.’s price objective suggests a potential upside of 6.65% from the stock’s previous close.
Community Health Systems (NYSE:CYH) traded down 1.30% during mid-day trading on Tuesday, hitting $39.38. The stock had a trading volume of 1,211,434 shares. Community Health Systems has a 52 week low of $26.33 and a 52 week high of $51.29. The stock has a 50-day moving average of $40.9 and a 200-day moving average of $44.41. The company has a market cap of $3.670 billion and a P/E ratio of 17.02.
Community Health Systems (NYSE:CYH) last released its earnings data on Monday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.01. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the company posted $0.93 earnings per share. Community Health Systems’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that Community Health Systems will post $2.97 earnings per share for the current fiscal year.
CYH has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Community Health Systems (NYSE:CYH) from $52.00 to $56.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Community Health Systems (NYSE:CYH) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $42.80 price target on the stock. Finally, analysts at TheStreet downgraded shares of Community Health Systems (NYSE:CYH) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st.
Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $50.71.
Community Health Systems, Inc, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.