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

Shares of Community Health Systems, Inc. (NYSE:CYH) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.17.

A number of analysts recently commented on the company. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Truist Financial decreased their target price on Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Guggenheim initiated coverage on Community Health Systems in a research note on Wednesday, April 9th. They set a “neutral” rating for the company. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $3.50 price target (up previously from $2.00) on shares of Community Health Systems in a research note on Thursday, May 29th.

Hedge Funds Weigh In On Community Health Systems

A number of hedge funds and other institutional investors have recently modified their holdings of CYH. Tower Research Capital LLC TRC boosted its stake in shares of Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after buying an additional 6,445 shares during the last quarter. R Squared Ltd boosted its stake in shares of Community Health Systems by 71.6% in the 1st quarter. R Squared Ltd now owns 10,950 shares of the company’s stock worth $30,000 after buying an additional 4,570 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Community Health Systems in the 4th quarter worth approximately $33,000. Cibc World Markets Corp purchased a new position in shares of Community Health Systems in the 4th quarter worth approximately $35,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Community Health Systems in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Price Performance

Shares of Community Health Systems stock opened at $3.38 on Tuesday. Community Health Systems has a one year low of $2.24 and a one year high of $6.29. The firm has a market capitalization of $473.69 million, a price-to-earnings ratio of -0.92 and a beta of 2.12. The business has a 50-day simple moving average of $3.33 and a 200 day simple moving average of $3.16.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts expect that Community Health Systems will post -0.29 EPS 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.