Brokerages Set Community Health Systems, Inc. (NYSE:CYH) Price Target at $4.10

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $4.02.

A number of research firms recently issued reports on CYH. Truist Financial lowered their target price on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a report on Friday. Wells Fargo & Company cut their target price on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group decreased their target price on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, Barclays cut their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th.

Community Health Systems Stock Performance

NYSE:CYH opened at $2.48 on Thursday. The stock has a 50-day simple moving average of $2.96 and a 200-day simple moving average of $3.62. The stock has a market cap of $347.25 million, a P/E ratio of -0.63 and a beta of 1.72. Community Health Systems has a 1 year low of $2.24 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.14 billion. On average, equities research analysts predict that Community Health Systems will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CYH. Tower Research Capital LLC TRC grew its stake in Community Health Systems by 250.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after purchasing an additional 6,445 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Community Health Systems in the 4th quarter worth approximately $33,000. Cibc World Markets Corp bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $35,000. Virtu Financial LLC bought a new position in Community Health Systems during the fourth quarter worth $38,000. Finally, Canada Pension Plan Investment Board acquired a new position in Community Health Systems in the fourth quarter worth $54,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.