Piper Jaffray analyst Sarah James reiterated a Sell rating on Community Health (NYSE: CYH) yesterday and set a price target of $3. The company’s shares closed yesterday at $3.12, close to its 52-week low of $2.66.
According to TipRanks.com, James is a 5-star analyst with an average return of 23.7% and a 89.5% success rate. James covers the Services sector, focusing on stocks such as Encompass Health Corporation, WellCare Health Plans, and Molina Healthcare.
The word on The Street in general, suggests a Hold analyst consensus rating for Community Health with a $4.02 average price target.
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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 2.64M.
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.
