Oppenheimer analyst Michael Wiederhorn maintained a Buy rating on Community Health (NYSE: CYH) today. The company’s shares closed yesterday at $3.18.
According to TipRanks.com, Wiederhorn is a top 100 analyst with an average return of 15.1% and a 70.1% success rate. Wiederhorn covers the Services sector, focusing on stocks such as Cross Country Healthcare, Addus Homecare Corp, and LifePoint Health.
The word on The Street in general, suggests a Hold analyst consensus rating for Community Health with a $4.17 average price target.
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Based on Community Health’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.56 billion and GAAP net loss of $110 million. In comparison, last year the company earned revenue of $3.67 billion and had a GAAP net loss of $110 million.
Based on the recent corporate insider activity of 36 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.
