Community Health Systems, Inc. (NYSE:CYH) Receives $3.73 Consensus PT from Analysts

Community Health Systems, Inc. (NYSE:CYH) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $3.7250.

A number of brokerages have recently commented on CYH. Weiss Ratings reissued a “hold (c)” rating on shares of Community Health Systems in a research report on Monday. UBS Group lifted their price target on shares of Community Health Systems from $3.20 to $3.60 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wall Street Zen downgraded shares of Community Health Systems from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Wells Fargo & Company lifted their target price on Community Health Systems from $2.50 to $3.00 and gave the company an “underweight” rating in a research report on Tuesday, October 7th.

Institutional Investors Weigh In On Community Health Systems

Several large investors have recently made changes to their positions in CYH. Charles Schwab Investment Management Inc. increased its holdings in Community Health Systems by 8.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,413,077 shares of the company’s stock worth $3,815,000 after buying an additional 112,741 shares during the last quarter. Nuveen LLC bought a new position in shares of Community Health Systems in the 1st quarter valued at about $433,000. Russell Investments Group Ltd. increased its stake in shares of Community Health Systems by 29.1% during the 1st quarter. Russell Investments Group Ltd. now owns 209,043 shares of the company’s stock worth $564,000 after purchasing an additional 47,067 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of Community Health Systems by 571.0% in the 1st quarter. Aberdeen Group plc now owns 592,712 shares of the company’s stock valued at $1,600,000 after purchasing an additional 504,377 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Community Health Systems by 9.8% in the 1st quarter. Hsbc Holdings PLC now owns 114,595 shares of the company’s stock valued at $309,000 after purchasing an additional 10,184 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Price Performance

CYH stock opened at $3.21 on Tuesday. The stock has a market capitalization of $444.93 million, a P/E ratio of 1.33 and a beta of 2.00. Community Health Systems has a fifty-two week low of $2.24 and a fifty-two week high of $4.47. The business has a 50-day moving average of $3.42 and a 200-day moving average of $3.22.

Community Health Systems (NYSE:CYH) last released its earnings results on Thursday, October 23rd. The company reported $1.27 EPS for the quarter, beating the consensus estimate of ($0.30) by $1.57. Community Health Systems had a negative return on equity of 6.90% and a net margin of 2.60%.The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the business posted ($0.30) EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. Equities 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.