Community Health Systems, Inc. (NYSE:CYH) Receives $4.05 Average Price Target from Analysts

Community Health Systems, Inc. (NYSE:CYHGet Free Report) has earned an average rating of “Hold” from the five brokerages that are covering the firm, reports. Three 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 analysts that have covered the stock in the last year is $4.05.

Several equities research analysts have recently issued reports on CYH shares. Oppenheimer reduced their target price on Community Health Systems from $5.50 to $4.50 and set an “outperform” rating on the stock in a report on Thursday, April 25th. raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Truist Financial increased their price objective on shares of Community Health Systems from $3.25 to $3.75 and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Barclays initiated coverage on shares of Community Health Systems in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $3.00 target price on the stock.

Get Our Latest Stock Analysis on Community Health Systems

Community Health Systems Trading Down 0.6 %

Shares of CYH opened at $3.48 on Friday. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $5.20. The company has a market capitalization of $483.62 million, a PE ratio of -3.66 and a beta of 1.51. The business’s 50 day moving average is $3.42 and its 200 day moving average is $3.32.

Community Health Systems (NYSE:CYHGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. Community Health Systems had a negative net margin of 0.99% and a negative return on equity of 5.51%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.43) earnings per share. Equities research analysts predict that Community Health Systems will post -0.32 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

Several institutional investors have recently made changes to their positions in CYH. Jump Financial LLC bought a new stake in Community Health Systems in the third quarter worth about $30,000. Charles Schwab Investment Management Inc. boosted its holdings in Community Health Systems by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,881,996 shares of the company’s stock valued at $14,158,000 after acquiring an additional 480,481 shares during the period. Pathstone Family Office LLC bought a new position in Community Health Systems in the 3rd quarter valued at $469,000. WINTON GROUP Ltd bought a new stake in shares of Community Health Systems during the third quarter worth $201,000. Finally, Invesco Ltd. boosted its stake in shares of Community Health Systems by 16.4% during the third quarter. Invesco Ltd. now owns 6,239,749 shares of the company’s stock valued at $18,095,000 after purchasing an additional 879,784 shares during the period. Institutional investors own 84.99% of the company’s stock.

About Community Health Systems

(Get Free Report

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.

Further Reading

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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