Community Health Systems (NYSE:CYH) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Community Health Systems (NYSE:CYH) in a research report released on Monday, Benzinga reports. The brokerage currently has a $6.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Oppenheimer lifted their price target on Community Health Systems from $4.50 to $5.00 and gave the stock an outperform rating in a research report on Thursday, July 25th. Truist Financial boosted their target price on shares of Community Health Systems from $3.75 to $4.25 and gave the stock a hold rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company increased their price target on shares of Community Health Systems from $3.50 to $5.00 and gave the company an equal weight rating in a report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $4.73.

Community Health Systems Stock Down 0.4 %

Shares of CYH stock opened at $4.94 on Monday. Community Health Systems has a 12 month low of $2.01 and a 12 month high of $5.48. The company has a market cap of $686.49 million, a PE ratio of -5.20 and a beta of 1.52. The business’s 50 day moving average is $3.99 and its two-hundred day moving average is $3.57.

Community Health Systems (NYSE:CYH) last posted its 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 company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm earned ($0.22) EPS. The company’s revenue was up .8% compared to the same quarter last year. As a group, equities analysts expect that Community Health Systems will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Community Health Systems by 14.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company’s stock valued at $17,475,000 after acquiring an additional 701,036 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Community Health Systems during the 4th quarter worth about $63,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Community Health Systems in the 1st quarter worth approximately $1,132,000. Vanguard Group Inc. boosted its stake in Community Health Systems by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock worth $28,436,000 after purchasing an additional 28,669 shares in the last quarter. Finally, Red Door Wealth Management LLC grew its holdings in shares of Community Health Systems by 126.6% during the first quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company’s stock worth $91,000 after purchasing an additional 14,560 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.