Community Health Systems, Inc. (NYSE:CYH) Now Covered by Analysts at Credit Suisse Group

Credit Suisse Group started coverage on shares of Community Health Systems, Inc. (NYSE:CYH) in a research report issued to clients and investors on Thursday, November 2nd, MarketBeat.com reports. The brokerage set an “underperform” rating and a $3.50 price target on the stock. Credit Suisse Group’s price objective indicates a potential downside of 17.26% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Friday, August 4th. Deutsche Bank AG reduced their price target on Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. BidaskClub cut Community Health Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Piper Jaffray Companies reissued a “sell” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.47.

Community Health Systems (NYSE:CYH) traded down $0.04 during midday trading on Thursday, hitting $4.23. The stock had a trading volume of 3,755,100 shares, compared to its average volume of 3,664,942. Community Health Systems has a 12 month low of $4.09 and a 12 month high of $10.51. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62.

Community Health Systems (NYSE:CYH) last announced 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 during 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 was down 16.3% compared to the same quarter last year. sell-side analysts forecast that Community Health Systems will post -1.25 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of CYH. BlackRock Inc. lifted its stake in shares of Community Health Systems by 38,765.3% in the 1st quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after purchasing an additional 14,647,864 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Community Health Systems by 226.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock valued at $31,880,000 after purchasing an additional 2,932,700 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Community Health Systems by 131.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,957,164 shares of the company’s stock valued at $49,374,000 after purchasing an additional 2,819,955 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Community Health Systems in the 2nd quarter valued at approximately $14,946,000. Finally, Vanguard Group Inc. lifted its stake in shares of Community Health Systems by 15.2% in the 1st quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock valued at $88,288,000 after purchasing an additional 1,312,513 shares during the last quarter. 99.49% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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