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 closed yesterday at $3.41, close to its 52-week low of $2.66.
France noted:
“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 10.5% and a 59.3% 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.
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 $4.14 billion and had a GAAP net loss of $136 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.
