Community Health (CYH) Gets a Hold Rating from Cantor Fitzgerald


According to The Fly, cantor Fitzgerald analyst Joseph France maintained a Hold rating on Community Health (NYSE: CYH) today and set a price target of $6. The company’s shares opened today at $3.18.

France wrote:

“We rate CYH Neutral, but the stock has been especially volatile recently due to restructuring and uncertainty about the related operating and financial costs. 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 9.7% and a 57.2% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Addus Homecare Corp.

Currently, the analyst consensus on Community Health is a Hold with an average price target of $4.08.

See today’s analyst top recommended stocks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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