In a report released today, Joseph France from Cantor Fitzgerald maintained a Hold rating on Community Health (NYSE: CYH), with a price target of $6. The company’s shares opened today at $3.71, close to its 52-week low of $3.69.
France noted:
“We rate CYH Neutral. It has been assessing its strategic options for restructuring, and private equity interest has been noted. We believe that the best outcome would be sales that increase CYH’s focus on larger, more-urban markets with larger hospitals. 12-month price target of $6 is based on a blend of DCF and comparable- company analysis.”
According to TipRanks.com, France is a 5-star analyst with an average return of 13.2% and a 61.9% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Envision Healthcare.
Currently, the analyst consensus on Community Health is a Moderate Buy with an average price target of $5.83.
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The company has a one-year high of $10.18 and a one-year low of $3.69. Currently, Community Health has an average volume of 2.15M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CYH in relation to earlier this year.
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Community Health Systems, Inc. engages in the management and operations of hospitals. It operates general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The company was founded in March 1985 and is headquartered in Franklin, TN.
