63.6 F
New York
Thursday, October 22, 2020

Community Health Systems Inc. (NYSE:CYH) is Gaining Momentum on Earnings Catalyst

Must read

Investor Confidence is Falling for Phillips 66 (NYSE:PSX)

Phillips 66 (PSX) shares are trading at lower $48.72 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

The Unprecedented Rise of ReTo Eco-Solutions Inc. (NASDAQ:RETO)

ReTo Eco-Solutions Inc. (RETO) shares are trading at higher $0.78. To add more color to this target, the company’s high over the last year...

The Forecast Just Changed on WestRock Company (NYSE:WRK)

WestRock Company (WRK) shares are trading at higher $40.32 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Avantor Inc. (NYSE:AVTR) Recent Earnings Shows Major Concern

Avantor Inc. (AVTR) shares are trading at lower $24.71 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Community Health Systems Inc. (CYH) shares are trading at lower $4.64 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $4.11.

To add more color to this target, the company’s high over the last year is $7.47 and the low is $2.25. Over the last 52 weeks, CYH is up 20.21% while the S&P 500 is up 18.10%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CYH reported a profit of $2.1 billion. Community Health Systems Inc. also saw revenues increase to $2.52 billion. In addition, CYH has free cash flow of $1.52 billion as of 06-2020. The company’s EBITDA came in at $437.0 million which compares well with its peers.

CYH booked profit margins of -2.50%, its Return on Equity (ROE) is 14.40%, and its Return on Assets is -1.90%. All told, it is clear that, CYH needs to be on your watchlist.

Find out when CYH reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CYH has a short ratio of 4.58 and outstanding shares of 114.97M.

Company Outlook

CYH has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -2.66. Community Health Systems Inc. CYH also noted assets of $16.41 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CYH has historically followed its peers on positive news.

All told, Community Health Systems Inc. CYH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CYH represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Community Health Systems Inc. CYH is now commanding a market cap of 540.10M and a float of 111.36M. CYH is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CYH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CYH, either long or short, and we have not been compensated for this article.

Latest article

Ballard Power Systems Inc. (NASDAQ:BLDP) Recent Earnings Shows Major Concern

Ballard Power Systems Inc. (BLDP) shares are trading at lower $15.70 and the avg recommendation for the stock is Moderate Buy, while the current...

The Unprecedented Rise of Endeavour Silver Corp. (NYSE:EXK)

Endeavour Silver Corp. (EXK) shares are trading at higher $3.62 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Digital Turbine Inc. (NASDAQ:APPS) Finding Zero Support

Digital Turbine Inc. (APPS) shares are trading at lower $34.21 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Renewed Optimism is Surrounding FedEx Corporation (NYSE:FDX)

FedEx Corporation (FDX) shares are trading at lower $282.28 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Kimco Realty Corporation (NYSE:KIM) is Waving the Bear Flag

Kimco Realty Corporation (KIM) shares are trading at lower $11.06 and the avg recommendation for the stock is Moderate Buy, while the current analyst...