The research analysts at StockNews.com have started monitoring Community Health Systems, as stated in a report on Thursday.
The company recommended to its shareholders that they “keep” the stock in their investment collections.
Community Health Systems (NYSE: CYH) disclosed the results of its most recent quarterly financial report on Thursday, February 16th.
The quarter’s earnings per share (EPS) came in at $1.50 for the company, which was $1.09 more than the consensus estimate of $0.41 distributed among analysts.
Even though market watchers forecasted that the company would generate $3.16 billion in sales during the quarter, its actual revenue was only $3.14 billion.
During the same period the previous year, the corporation made a profit of $1.15 per share of common stock.
The company’s sales during the same quarter in the prior year were lower by 2.8% than those for the current year. Community Health Systems is expected to incur a loss of 0.63 cents per share during the current fiscal year, as stated by the forecasts provided by industry professionals specializing in market research.
When trading was initiated on Thursday, a share of Community Health Systems was $5.10 per share. Community Health Systems hit a low point over the past year of operations of $1.88, while the company reached a 52-week high of $12.51. Over the previous 200 trading days, the stock has traded at an average price of $3.86; however, over the previous 50 trading days, the price has increased to $5.41.
The company’s market value is $686.97 million, and its price-to-earnings ratio is 15.45, while its beta value is 1.73.
Several other brokerages have recently shown interest in CYH due to its strong performance. Credit Suisse Group raised their price target on shares of Community Health Systems from $3.30 to $8.50 and upgraded the stock from a “neutral” rating to an “outperform” rating in a research report released on Friday, February 17th. Oppenheimer downgraded Community Health Systems from an “outperform” rating to a “market perform” rating and increased their price objective on the stock from $5.00 to $5.50 in a research note published on Thursday, January 19th.
The price target that Truist Financial has set for Community Health Systems has increased from $4.75 to $8.00, as stated in a research report published on Friday, February 17th.
The report’s subject matter was the company. Wells Fargo & Company raised their price objective on Community Health Systems from $3.00 to $4.50 and gave the stock an “equal weight” rating in a research report published on Tuesday, January 3rd.
The company made this change, but it was not the least important.
The stock was rated “Hold” by five of the equity research professionals, but “buy” was the verdict given by the sixth and final professional.
The information from Bloomberg indicates that the company has been given an average rating of “Hold” and that the price target has been set at $6.14.
The recent events have led to institutional investors and hedge funds increasing or decreasing their ownership interests in the company, resulting in either positive or negative outcomes.
Panagora Asset Management INC increased the proportion of Community Health Systems stock owned by 0.4% during the fourth quarter of 2018.
After making an additional purchase of 2,448 shares during the most recent quarter, Panagora Asset Management INC now owns a total of 662,496 shares, valued at $2,862,000.
This is because the company purchased during the quarter in question.
PNC Financial Services Group INC increased the amount of Community Health Systems stock owned by 29.1 percent during the fourth quarter.
PNC Financial Services Group INC has a total of 10,966 shares of the company, which are currently valued at $47,000.
During the most recent quarter, the company acquired 2,473 additional shares, bringing the total number of shares held by the company to 10,966.
Allspring Global Investments Holdings LLC’s ownership stake in Community Health Systems increased by 9.2% over the final three months of 2018, bringing the total to 100%.
Allspring Global Investments Holdings LLC now owns 30,271 shares of the company, which are now valued at $131,000 due to the purchase of an additional 2,544 shares during the preceding quarter.
The number of shares of Community Health Systems that are held in ProShare Advisors LLC’s portfolio reached a new all-time high of 14.8% during the quarter’s fourth month of operation.
ProShare Advisors LLC now holds 19,745 shares of the company’s stock following the acquisition of an additional 2,548 shares during the most recent quarter.
Each share of the company’s stock is currently valued at $85,000.
During the second quarter, the Texas Permanent Education Fund increased the amount of Community Health Systems stock that is owned by 3.4%, bringing us to our last point.
Texas Permanent School Fund now holds 91,012 shares of the company’s stock, currently valued at $341,000, after purchasing an additional 2,973 shares during the preceding quarter.
Institutional investors and hedge currently own the stock of the company.
Source: beststocks.com
