Community Health Systems, Inc. (NYSE:CYH) Receives $4.17 Consensus Target Price from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $4.17.

Several research firms recently issued reports on CYH. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $3.50 price target (up from $2.00) on shares of Community Health Systems in a report on Thursday, May 29th. Guggenheim began coverage on shares of Community Health Systems in a report on Wednesday, April 9th. They issued a “neutral” rating on the stock. UBS Group set a $3.50 price target on shares of Community Health Systems in a report on Friday, April 25th. Finally, Truist Financial cut their price target on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Friday, April 11th.

Institutional Trading of Community Health Systems

A number of institutional investors and hedge funds have recently modified their holdings of CYH. Tower Research Capital LLC TRC raised its holdings in shares of Community Health Systems by 250.0% during 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 during the period. R Squared Ltd increased its holdings in shares of Community Health Systems by 71.6% in the 1st quarter. R Squared Ltd now owns 10,950 shares of the company’s stock worth $30,000 after acquiring an additional 4,570 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems in the 4th quarter worth about $33,000. Cibc World Markets Corp acquired a new stake in shares of Community Health Systems in the 4th quarter worth about $35,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Community Health Systems in the 1st quarter worth about $36,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Stock Up 3.1%

CYH opened at $3.48 on Tuesday. Community Health Systems has a 52-week low of $2.24 and a 52-week high of $6.29. The company has a 50 day moving average of $3.39 and a two-hundred day moving average of $3.16. The company has a market cap of $487.58 million, a P/E ratio of -0.94 and a beta of 2.12.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.07. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Community Health Systems’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. Research analysts anticipate that Community Health Systems will post -0.29 earnings per share for the current year.

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.