Community Health Systems (NYSE:CYH – Get Free Report) had its target price reduced by investment analysts at Royal Bank Of Canada from $5.00 to $4.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 48.15% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Zacks Research downgraded shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Truist Financial boosted their price objective on shares of Community Health Systems from $3.00 to $3.75 and gave the company a “hold” rating in a research report on Tuesday, July 14th. UBS Group dropped their price objective on shares of Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Barclays decreased their target price on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a research note on Thursday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Community Health Systems presently has a consensus rating of “Reduce” and a consensus target price of $2.95.
Read Our Latest Stock Analysis on Community Health Systems
Community Health Systems Stock Down 1.1%
Community Health Systems (NYSE:CYH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.89 billion. Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. Community Health Systems’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, analysts expect that Community Health Systems will post -0.92 earnings per share for the current year.
Institutional Investors Weigh In On Community Health Systems
Several institutional investors have recently bought and sold shares of the stock. Eversept Partners LP increased its stake in Community Health Systems by 9.2% during the 1st quarter. Eversept Partners LP now owns 8,677,281 shares of the company’s stock valued at $25,511,000 after buying an additional 733,479 shares during the period. Vanguard Group Inc. lifted its stake in shares of Community Health Systems by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,553,686 shares of the company’s stock worth $27,457,000 after acquiring an additional 50,576 shares during the period. Nomura Holdings Inc. boosted its holdings in shares of Community Health Systems by 4.3% in the third quarter. Nomura Holdings Inc. now owns 7,585,919 shares of the company’s stock valued at $24,351,000 after acquiring an additional 314,840 shares in the last quarter. Whitebox Advisors LLC increased its stake in shares of Community Health Systems by 42.1% during the first quarter. Whitebox Advisors LLC now owns 3,127,884 shares of the company’s stock valued at $9,196,000 after acquiring an additional 926,364 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Community Health Systems by 25.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,035,088 shares of the company’s stock worth $9,469,000 after purchasing an additional 607,066 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Community Health Systems Company Profile
Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.
The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.
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