Mizuho Increases Community Health Systems (CYH) Target Price to $10.00

Mizuho Increases Community Health Systems (CYH) Target Price to $10.00

Community Health Systems (NYSE:CYH) had its target price upped by research analysts at Mizuho from $7.50 to $10.00 in a research note issued on Monday. The firm presently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential upside of 4.82% from the stock’s current price.

Several other research analysts have also recently weighed in on CYH. Piper Jaffray Companies initiated coverage on shares of Community Health Systems in a research report on Wednesday, January 4th. They set a “neutral” rating and a $6.00 price target on the stock. Barclays PLC reissued a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a research report on Monday, January 9th. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 19th. Jefferies Group LLC reissued a “hold” rating and set a $8.00 price target on shares of Community Health Systems in a research report on Tuesday, February 21st. Finally, Cantor Fitzgerald boosted their price target on shares of Community Health Systems from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Wednesday, February 22nd. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Community Health Systems presently has a consensus rating of “Hold” and a consensus price target of $8.79.

Shares of Community Health Systems (NYSE:CYH) opened at 9.54 on Monday. Community Health Systems has a 12-month low of $4.15 and a 12-month high of $17.73. The stock has a 50 day moving average of $8.43 and a 200-day moving average of $7.79. The company’s market capitalization is $1.06 billion.

Hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors raised its stake in shares of Community Health Systems by 6.3% in the third quarter. BlackRock Fund Advisors now owns 6,400,503 shares of the company’s stock worth $73,862,000 after buying an additional 379,664 shares during the period. Saba Capital Management L.P. raised its stake in shares of Community Health Systems by 157.0% in the fourth quarter. Saba Capital Management L.P. now owns 3,405,469 shares of the company’s stock worth $19,037,000 after buying an additional 2,080,294 shares during the period. Bogle Investment Management L P DE raised its stake in shares of Community Health Systems by 127.7% in the fourth quarter. Bogle Investment Management L P DE now owns 2,469,308 shares of the company’s stock worth $13,803,000 after buying an additional 1,384,679 shares during the period. Royce & Associates LP acquired a new stake in shares of Community Health Systems during the fourth quarter worth about $10,552,000. Finally, Elliott Management Corp acquired a new stake in shares of Community Health Systems during the fourth quarter worth about $10,202,000.

About Community Health Systems

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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