Community Health Systems, Inc. (NYSE:CYH) Receives Average Recommendation of “Hold” from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.73.

Several equities analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. Truist Financial lifted their price objective on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research report on Monday, July 15th. UBS Group upped their target price on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Wells Fargo & Company lifted their price target on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors have recently made changes to their positions in CYH. nVerses Capital LLC purchased a new stake in shares of Community Health Systems in the 2nd quarter valued at $25,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Community Health Systems in the 2nd quarter valued at about $33,000. Eagle Asset Management Inc. acquired a new position in Community Health Systems during the 4th quarter worth approximately $40,000. Canada Pension Plan Investment Board purchased a new stake in shares of Community Health Systems in the 2nd quarter valued at approximately $45,000. Finally, RPO LLC acquired a new stake in Community Health Systems in the fourth quarter valued at $75,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Stock Down 1.3 %

CYH opened at $5.38 on Wednesday. Community Health Systems has a twelve month low of $2.01 and a twelve month high of $5.64. The company has a market cap of $747.50 million, a PE ratio of -5.66 and a beta of 1.52. The company has a 50-day moving average price of $4.45 and a 200 day moving average price of $3.69.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company earned ($0.22) earnings per share. Community Health Systems’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Community Health Systems will post -0.42 earnings per share for the current year.

Community Health Systems Company Profile

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.