Brokerages Set Community Health Systems, Inc. (NYSE:CYH) PT at $3.66

Community Health Systems, Inc. (NYSE:CYH) has been given an average recommendation of “Reduce” by the nine ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $3.7250.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Community Health Systems from $2.50 to $3.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Community Health Systems in a research report on Wednesday, October 8th. Truist Financial increased their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the company a “hold” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada lowered their price objective on shares of Community Health Systems from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently made changes to their positions in CYH. Wealth Enhancement Advisory Services LLC purchased a new position in Community Health Systems in the 3rd quarter worth about $32,000. SG Americas Securities LLC purchased a new position in Community Health Systems in the 3rd quarter worth about $62,000. Apollon Wealth Management LLC increased its stake in Community Health Systems by 50.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 60,064 shares of the company’s stock worth $193,000 after buying an additional 20,064 shares during the period. Red Door Wealth Management LLC grew its holdings in Community Health Systems by 30.0% during the 3rd quarter. Red Door Wealth Management LLC now owns 39,000 shares of the company’s stock worth $125,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Nomura Holdings Inc. grew its holdings in Community Health Systems by 25.9% during the 2nd quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock worth $24,722,000 after acquiring an additional 1,494,378 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Trading Up 2.3%

Shares of CYH stock opened at $4.22 on Monday. Community Health Systems has a 12 month low of $2.24 and a 12 month high of $4.64. The stock has a market cap of $583.86 million, a P/E ratio of 1.74 and a beta of 1.88. The company has a 50 day simple moving average of $3.09 and a two-hundred day simple moving average of $3.17.

Community Health Systems (NYSE:CYH) last issued its earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $1.57. Community Health Systems had a net margin of 2.60% and a negative return on equity of 6.90%. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the prior year, the business earned ($0.30) earnings per share. Community Health Systems’s revenue for the quarter was down .1% on a year-over-year basis. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. As a group, equities analysts forecast that Community Health Systems will post -0.29 earnings per share 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.