Community Health Systems, Inc. (NYSE:CYH) Receives $4.20 Consensus Target Price from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $4.05.

Several brokerages have issued reports on CYH. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Barclays started coverage on shares of Community Health Systems in a research report on Wednesday, March 6th. They issued an “equal weight” rating and a $3.00 price objective for the company. Oppenheimer cut their price target on Community Health Systems from $5.50 to $4.50 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Truist Financial lifted their price objective on Community Health Systems from $3.25 to $3.75 and gave the stock a “hold” rating in a report on Friday.

Community Health Systems Stock Performance

NYSE CYH opened at $3.39 on Thursday. Community Health Systems has a one year low of $2.01 and a one year high of $6.53. The company’s 50 day moving average price is $3.06 and its 200 day moving average price is $3.06. The firm has a market capitalization of $471.14 million, a price-to-earnings ratio of -3.57 and a beta of 1.52.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 0.99%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the firm earned ($0.43) EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Community Health Systems will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors have recently made changes to their positions in CYH. SG Americas Securities LLC raised its position in shares of Community Health Systems by 3.6% during the 4th quarter. SG Americas Securities LLC now owns 81,513 shares of the company’s stock worth $255,000 after purchasing an additional 2,866 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Community Health Systems by 5.1% during the third quarter. Hsbc Holdings PLC now owns 86,774 shares of the company’s stock valued at $252,000 after acquiring an additional 4,246 shares during the period. Raymond James & Associates increased its holdings in shares of Community Health Systems by 3.7% in the 4th quarter. Raymond James & Associates now owns 132,423 shares of the company’s stock worth $414,000 after acquiring an additional 4,680 shares during the period. Diversified Trust Co lifted its position in Community Health Systems by 22.4% in the 4th quarter. Diversified Trust Co now owns 33,826 shares of the company’s stock valued at $106,000 after purchasing an additional 6,196 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its position in Community Health Systems by 0.9% in the 4th quarter. Panagora Asset Management Inc. now owns 730,256 shares of the company’s stock worth $2,286,000 after purchasing an additional 6,333 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

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.