Cantor Fitzgerald Starts Community Health (CYH) at Hold; Integration Pressure Near-Term, But Long-Term Solid
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Price: $3.02 +1.34%
Rating Summary:
6 Buy, 15 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 15 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Cantor Fitzgerald initiates coverage on Community Health (NYSE: CYH) with a Hold. PT $26.00.
Analyst, Joseph D. France, said, "Although its growth has slowed, CYH has been one of the most successful hospital companies over the past five years, and we like its recent build-out in Pennsylvania, Texas, and Illinois. Utilization remains weak, but management says that 1Q:12 looks better than 4Q:11, and the company has completed acquisitions that have added nearly $1.5 billion of annual revenue since 2010. As these hospitals are integrated, margins should improve. With a little help from the economy and the resolution of its investigations and legal matters, Community Health could be attractive long-term, in our view."
"Our EPS estimates are $3.50 for 2012 and $4.00 for 2013, and our EBITDA estimates are $1,976 million in 2012 and $2,108 million in 2013."
For an analyst ratings summary and ratings history on Community Health click here. For more ratings news on Community Health click here.
Shares of Community Health closed at $23.91 yesterday.
Analyst, Joseph D. France, said, "Although its growth has slowed, CYH has been one of the most successful hospital companies over the past five years, and we like its recent build-out in Pennsylvania, Texas, and Illinois. Utilization remains weak, but management says that 1Q:12 looks better than 4Q:11, and the company has completed acquisitions that have added nearly $1.5 billion of annual revenue since 2010. As these hospitals are integrated, margins should improve. With a little help from the economy and the resolution of its investigations and legal matters, Community Health could be attractive long-term, in our view."
"Our EPS estimates are $3.50 for 2012 and $4.00 for 2013, and our EBITDA estimates are $1,976 million in 2012 and $2,108 million in 2013."
For an analyst ratings summary and ratings history on Community Health click here. For more ratings news on Community Health click here.
Shares of Community Health closed at $23.91 yesterday.
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