Baird Upgrades Community Health Systems to Neutral with Price Target $9

Brokerage firm Baird Upgrades its rating on Community Health Systems(CYH). As per the latest information, Baird Raises the price target to $9 per share from a prior target of $5. The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the stock financial advisor at Baird was issued on Feb 22, 2017 in a research report to their Investors and Clients.

Community Health Systems (CYH) shares turned negative on Wednesdays trading session with the shares closing down -0.11 points or -1.19% at a volume of 83,33,118. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.72. The peak price level was also seen at $9.72 while the days lowest was $9.08. Finally the shares closed at $9.12. The 52-week high of the shares is $17.598156 while the 52-week low is $4.15. According to the latest information available, the market cap of the company is $1,037 M.

Community Health Systems(CYH) last announced its earnings results on Nov 1, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $4.38B. Analysts had an estimated revenue of $4.25B. Earnings per share were $-0.35. The reported EPS was above estimates by $0.67 or NaN%. Analysts had estimated an EPS of $0.32.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, H Mitchell Jr Watson (director) sold 5,600 shares at $13.42 per share price.Also, On Feb 19, 2016, James S. Iii Ely (director) purchased 10,000 shares at $14.69 per share price.On Nov 5, 2015, John A Clerico (director) purchased 10,000 shares at $27.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Community Health Systems Inc. is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations. Its hospital operations include the Company’s acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. Its home care agencies operations provide in-home outpatient care. Services provided through its hospitals and affiliated businesses include general acute care emergency room general and specialty surgery critical care internal medicine obstetrics diagnostic psychiatric and rehabilitation services. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located.

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