Several analysts have recently updated their ratings and price targets for Community Health Systems (NYSE: CYH):

  • 11/10/2017 – Community Health Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Community Health is well poised for long term growth on the back of its inorganic strategies. The company’s frequent divestitures to streamline core operations have helped it lower its debt burden. As a part of their restructuring plan, the company has started taking up certain corrective measures in order to bring improvement to its top line. However, it has reported third-quarter adjusted loss was wider than the Zacks Consensus Estimate and also compares unfavorably with the year-ago quarter owing to hurricanes Harvey and Irma. Its shares have also underperformed the industry in a yea's time. Following lackluster third-quarter results, the company has lowered its 2017 earnings per share guidance. The company has seen its Zacks Consensus Estimate for 2018 earnings  being revised downward in the past seven days.”
  • 11/7/2017 – Community Health Systems was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 11/7/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $5.00 price target on the stock.
  • 11/5/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $6.00 price target on the stock. They wrote, “Disappointing 3Q17 results reflect CYH’s continuing restructuring and a number of headwinds, including an estimated $40 million of hurricane-related costs, a $15 million drag from divestitures, and lower-than-expected net revenue due to weak volumes, rate pressure and bad debt.””
  • 11/3/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $3.50 price target on the stock.
  • 11/3/2017 – Community Health Systems had its price target lowered by analysts at Citigroup Inc. from $7.00 to $5.00. They now have a “neutral” rating on the stock.
  • 11/3/2017 – Community Health Systems had its price target lowered by analysts at Morgan Stanley from $6.50 to $4.50. They now have an “underweight” rating on the stock.
  • 11/2/2017 – Community Health Systems is now covered by analysts at Credit Suisse Group. They set an “underperform” rating and a $3.50 price target on the stock.
  • 10/27/2017 – Community Health Systems was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/15/2017 – Community Health Systems was given a new $7.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 10/13/2017 – Community Health Systems had its “sell” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $6.00 price target on the stock.
  • 10/12/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $7.00 price target on the stock.
  • 10/12/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $7.00 price target on the stock.
  • 10/11/2017 – Community Health Systems was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/4/2017 – Community Health Systems had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $7.00 price target on the stock.
  • 10/3/2017 – Community Health Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Community Health shares have underperformed the industry in last one year. The company severely suffers from revenue concentration  as it generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. Its performance has been disappointing with revenues declining since past many years. Following lackluster second quarter results, the company has lowered its 2017 EPS guidance. It has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised downward in the past 60 days.”
  • 9/26/2017 – Community Health Systems was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Community Health’s shares have outperformed the industry year to date. The company’s solid inorganic growth story impresses. Accretive acquisitions have aided its top line significantly. Strategic divestures have helped it focus on core operations. Decreasing level of debt since 2016 year end indicates at the company’s operational efficiency. However, revenue concentration is a major headwind as the company generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. Following lackluster second quarter results, the company has lowered its 2017 EPS guidance.”

Community Health Systems, Inc. (NYSE CYH) traded up $0.02 during midday trading on Friday, reaching $4.19. 618,668 shares of the company’s stock traded hands, compared to its average volume of 3,624,003. Community Health Systems, Inc. has a 1 year low of $3.85 and a 1 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 posted its quarterly earnings data on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.47). The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. 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 analysts expect that Community Health Systems, Inc. will post -1.25 earnings per share for the current year.

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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