Community Health Systems, Inc. (NYSE:CYH) Receives $3.92 Average Price Target from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.92.

Several research analysts recently weighed in on the company. Guggenheim initiated coverage on Community Health Systems in a research report on Wednesday, April 9th. They issued a “neutral” rating on the stock. UBS Group set a $3.50 price objective on Community Health Systems in a research note on Friday, April 25th. Wells Fargo & Company dropped their target price on shares of Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Monday, March 10th. Barclays reduced 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 research report on Thursday, February 20th. Finally, Truist Financial dropped their price objective on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, April 11th.

Institutional Investors Weigh In On Community Health Systems

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after buying an additional 6,445 shares during the last quarter. R Squared Ltd boosted its holdings in Community Health Systems by 71.6% in the first quarter. R Squared Ltd now owns 10,950 shares of the company’s stock valued at $30,000 after purchasing an additional 4,570 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Community Health Systems during the 4th quarter valued at approximately $33,000. Cibc World Markets Corp acquired a new position in shares of Community Health Systems in the 4th quarter valued at approximately $35,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Community Health Systems during the 1st quarter valued at approximately $36,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Trading Up 3.2 %

Shares of NYSE:CYH opened at $3.50 on Monday. The firm has a market cap of $491.07 million, a price-to-earnings ratio of -0.90 and a beta of 1.99. The stock’s 50-day moving average price is $2.70 and its two-hundred day moving average price is $3.23. Community Health Systems has a 12-month low of $2.24 and a 12-month high of $6.29.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.07. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Community Health Systems’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) earnings per share. As a group, research analysts forecast that Community Health Systems will post -0.29 earnings per share for the current fiscal 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.