Community Health Systems (CYH) Given Daily Media Impact Score of 0.04
Media coverage about Community Health Systems (NYSE:CYH) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Community Health Systems earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.6887358009744 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Community Health Systems, Inc. (CYH) PT Lowered to $4.50 (americanbankingnews.com)
- Community Health Systems, Inc. (CYH) Price Target Lowered to $5.00 at Citigroup Inc (americanbankingnews.com)
- Community Health Systems’ (CYH) Hold Rating Reiterated at Mizuho (americanbankingnews.com)
- Community Health (CYH) Incurs Wider-Than-Expected Loss in Q3 – Nasdaq (nasdaq.com)
- Community Health Systems to Participate in Credit Suisse 26th Annual Healthcare Conference (finance.yahoo.com)
Several research firms have recently issued reports on CYH. Credit Suisse Group began coverage on shares of Community Health Systems in a report on Thursday. They issued an “underperform” rating and a $3.50 target price for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $7.00 price target (down previously from $8.00) on shares of Community Health Systems in a research note on Wednesday, August 16th. Mizuho reaffirmed a “neutral” rating and issued a $7.00 price target (down previously from $7.50) on shares of Community Health Systems in a research note on Wednesday, August 2nd. KeyCorp reaffirmed a “hold” rating on shares of Community Health Systems in a research note on Thursday, September 7th. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and issued a $9.00 price target on shares of Community Health Systems in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. Community Health Systems has a consensus rating of “Hold” and a consensus target price of $6.88.
Community Health Systems (CYH) traded down $0.14 during midday trading on Friday, reaching $4.40. 6,225,860 shares of the company’s stock were exchanged, compared to its average volume of 4,401,058. The company has a current ratio of 2.05, a quick ratio of 1.94 and a debt-to-equity ratio of 10.62.
Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period last year, the business posted ($0.35) EPS. The company’s revenue for the quarter was down 16.3% on a year-over-year basis. equities research analysts expect that Community Health Systems will post -0.29 earnings per share for the current fiscal year.
In other news, major shareholder Tian Qiao Chen acquired 9,766,897 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $7.27 per share, with a total value of $71,005,341.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.70% of the stock is owned by insiders.
Community Health Systems Company Profile
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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