Oppenheimer analyst Michael Wiederhorn reiterated a Buy rating on Community Health (NYSE: CYH) today and set a price target of $4.50. The company’s shares opened today at $3.22, close to its 52-week low of $2.66.
According to TipRanks.com, Wiederhorn is a top 100 analyst with an average return of 17.0% and a 71.8% success rate. Wiederhorn covers the Services sector, focusing on stocks such as Cross Country Healthcare, Addus Homecare Corp, and Envision Healthcare.
Community Health has an analyst consensus of Hold, with a price target consensus of $4.09.
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The company has a one-year high of $8.07 and a one-year low of $2.66. Currently, Community Health has an average volume of 2.51M.
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.
