Community Health Systems, Inc. (NYSE:CYH) Receives $3.92 Consensus PT from Analysts

Community Health Systems, Inc. (NYSE:CYH) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.92.

A number of brokerages recently weighed in on CYH. Guggenheim began coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a “neutral” rating for the company. Truist Financial dropped their price target on Community Health Systems from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. UBS Group set a $3.50 price objective on Community Health Systems in a research report on Friday, April 25th. Barclays dropped their target price on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their price target on shares of Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Monday, March 10th.

Community Health Systems Stock Up 3.2 %

Shares of Community Health Systems stock opened at $3.50 on Monday. The business has a 50-day moving average price of $2.70 and a 200 day moving average price of $3.23. Community Health Systems has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The firm has a market cap of $491.07 million, a P/E ratio of -0.90 and a beta of 1.99.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.07. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the business earned ($0.14) earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Community Health Systems will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Community Health Systems by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company’s stock valued at $215,000 after buying an additional 3,124 shares during the period. R Squared Ltd increased its stake in shares of Community Health Systems by 71.6% during the first quarter. R Squared Ltd now owns 10,950 shares of the company’s stock valued at $30,000 after acquiring an additional 4,570 shares during the period. Rhumbline Advisers raised its holdings in Community Health Systems by 2.4% during the fourth quarter. Rhumbline Advisers now owns 201,436 shares of the company’s stock worth $602,000 after purchasing an additional 4,654 shares in the last quarter. State of Wyoming lifted its position in Community Health Systems by 8.9% in the fourth quarter. State of Wyoming now owns 75,698 shares of the company’s stock worth $226,000 after purchasing an additional 6,207 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after purchasing an additional 6,445 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

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.