Headlines about Community Health Systems (NYSE:CYH) have been trending very positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Community Health Systems earned a coverage optimism score of 0.56 on Accern’s scale. Accern also gave news stories about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Stock under Trader’s Radar: Community Health Systems (CYH) – Post Registrar (postregistrar.com)
- Adeptus Health (ADPT) vs. Community Health Systems (CYH) Financial Survey (americanbankingnews.com)
- Senate Releases AHCA Draft Bill, Healthcare Stocks Surge – Yahoo News (yahoo.com)
- Comparing Price Charts: Mirati Therapeutics, Inc. (MRTX), Community Health Systems, Inc. (CYH) – StockNewsMagazine (stocknewsmagazine.com)
- MARKET SNAPSHOT: US Stocks Gain As Health-care Shares Extend Rally – Fox Business (foxbusiness.com)
Community Health Systems (NYSE CYH) opened at 9.33 on Friday. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $13.90. The stock’s market cap is $1.04 billion. The firm has a 50-day moving average price of $9.33 and a 200 day moving average price of $8.01.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Monday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.33 billion. Community Health Systems had a positive return on equity of 1.79% and a negative net margin of 10.77%. Community Health Systems’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. On average, equities research analysts anticipate that Community Health Systems will post $0.38 EPS for the current fiscal year.
A number of research firms recently weighed in on CYH. Piper Jaffray Companies lowered shares of Community Health Systems from a “neutral” rating to an “underweight” rating and cut their target price for the company from $10.00 to $7.00 in a report on Wednesday, March 1st. Vetr upgraded Community Health Systems from a “sell” rating to a “hold” rating and set a $8.62 target price for the company in a research report on Monday, April 10th. Deutsche Bank AG initiated coverage on Community Health Systems in a research report on Wednesday, April 5th. They set a “hold” rating and a $11.00 target price for the company. Morgan Stanley initiated coverage on Community Health Systems in a research report on Tuesday, June 6th. They set an “underweight” rating and a $9.50 target price for the company. Finally, Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.46.
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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