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RBC Capital Keeps Their Buy Rating on Community Health (CYH)

Tipranks - Wed Feb 25, 5:40AM CST

In a report released yesterday, Ben Hendrix from RBC Capital maintained a Buy rating on Community Health, with a price target of $5.00. The company’s shares closed yesterday at $3.33.

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Hendrix covers the Healthcare sector, focusing on stocks such as Brookdale Senior Living, CVS Health, and Tenet Healthcare. According to TipRanks, Hendrix has an average return of 6.4% and a 53.06% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Community Health with a $3.70 average price target, which is an 11.11% upside from current levels. In a report released on February 20, Oppenheimer also maintained a Buy rating on the stock with a $4.00 price target.

Based on Community Health’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.11 billion and a net profit of $110 million. In comparison, last year the company earned a revenue of $3.27 billion and had a GAAP net loss of $70 million

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