RBC Capital analyst Ben Hendrix maintained a Buy rating on Community Health (CYH – Research Report) on January 24 and set a price target of $7.00. The company’s shares closed yesterday at $4.74.
According to TipRanks, Hendrix is a 2-star analyst with an average return of 0.1% and a 56.47% success rate. Hendrix covers the Healthcare sector, focusing on stocks such as Acadia Healthcare, Amedisys, and Brookdale Senior Living.
In addition to RBC Capital, Community Health also received a Buy from Oppenheimer’s Colin Rusch in a report issued on January 19. However, on January 9, Bank of America Securities maintained a Hold rating on Community Health (NYSE: CYH).
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Based on Community Health’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.03 billion and a GAAP net loss of $42 million. In comparison, last year the company earned a revenue of $3.12 billion and had a net profit of $111 million
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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.
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