Cantor Fitzgerald analyst Joseph France maintained a Hold rating on Community Health (NYSE: CYH) yesterday and set a price target of $6. The company’s shares closed yesterday at $2.66, close to its 52-week low of $2.58.
“We rate CYH Neutral, but it 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 10.8% and a 59.8% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Addus Homecare Corp.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Community Health with a $3.90 average price target.
The company has a one-year high of $6.64 and a one-year low of $2.58. Currently, Community Health has an average volume of 2.34M.
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.