Group Well being Systems, Inc. Price Goal Update

Community Well being Techniques (NYSE:CYH)’s share worth shot up 2.2% during mid-day buying and selling on Tuesday , Market experiences. Community Well being Programs will offer identification theft safety to all of the patients whose information was stolen. Individually, Palo Capital raised its stake in Community Health Methods by zero.8% in the third quarter. Palo Capital now owns 23,915 shares of the corporate’s stock worth $1,023,000 after buying a further 190 shares in the last quarter. Group Health Methods (NYSE:CYH) final issued its earnings outcomes on Monday, November 2nd. Neighborhood Well being Techniques’s quarterly income was up 1.four% on a 12 months-over-yr basis.

The company’s 50 day shifting average is $27.84 and its 200 day moving common is $45.forty seven. The company has a market cap of $3.27 billion and a P/E ratio of 9.sixty two. Neighborhood Well being Methods has a 12 month low of $24.49 and a 12 month excessive of $sixty five.00. On average, equities analysis analysts predict that Community Well being Methods will submit $3.53 EPS for the current fiscal yr.

Susquehanna lowered shares of Neighborhood Health Methods from a constructive” ranking to a impartial” rating and dropped their goal worth for the inventory from $50.00 to $35.00 in a report on Thursday, October twenty second. Oppenheimer reiterated an outperform” rating and set a $70.00 goal value (down from $eighty two.00) on shares of Group Health Methods in a report on Thursday, October twenty second. Mizuho dropped their target worth on shares of Community Health Methods from $eighty two.00 to $seventy seven.00 and set a purchase” score for the company in a report on Tuesday, September eighth.

Financial institution of America lowered shares of Group Health Programs from a purchase” ranking to a impartial” rating and set a $forty two.00 goal worth for the corporate. Initiated protection on shares of Community Health Programs in a report on Friday, October 2nd. Twelve research analysts have rated the stock with a maintain score and 7 have assigned a purchase rating to the corporate’s stock.

Much of the response to the Community Well being breach criticizes the industry at giant for failing to safeguard affected person information against a menace as highly publicized as Heartbleed. Healthcare safety is lax , partly as a result of a lot information resides in legacy techniques that do not receive patches and updates and partly as a result of safety and privacy provisions are largely unenforced and unaudited.