Community Health Systems, Inc. (NYSE:CYH) Receives $3.58 Average Price Target from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have been given a consensus rating of “Reduce” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.5750.

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada reduced 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 report on Friday, July 25th. Wells Fargo & Company cut their price target on shares of Community Health Systems from $3.50 to $2.50 and set an “underweight” rating on the stock in a report on Thursday, August 14th. UBS Group cut their price target on shares of Community Health Systems from $3.50 to $3.20 and set a “neutral” rating on the stock in a report on Friday, July 25th. Truist Financial boosted their price target on shares of Community Health Systems from $3.50 to $4.25 and gave the stock a “hold” rating in a report on Wednesday, July 16th. Finally, Jefferies Financial Group restated a “hold” rating and set a $3.00 price target (down from $4.25) on shares of Community Health Systems in a report on Thursday, July 24th.

Community Health Systems Price Performance

Shares of NYSE CYH opened at $3.00 on Friday. The stock has a market capitalization of $420.36 million, a P/E ratio of -2.01 and a beta of 1.90. The company has a 50-day moving average price of $2.96 and a 200-day moving average price of $3.06. Community Health Systems has a 1 year low of $2.24 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Community Health Systems’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.17) EPS. Community Health Systems has set its FY 2025 guidance at -0.400–0.100 EPS. As a group, equities research analysts anticipate that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

Several hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in Community Health Systems by 250.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after acquiring an additional 6,445 shares during the period. R Squared Ltd raised its position in Community Health Systems by 71.6% in the first quarter. R Squared Ltd now owns 10,950 shares of the company’s stock worth $30,000 after acquiring an additional 4,570 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Community Health Systems in the first quarter worth about $36,000. CWM LLC raised its position in Community Health Systems by 133.1% in the second quarter. CWM LLC now owns 10,974 shares of the company’s stock worth $37,000 after acquiring an additional 6,266 shares during the period. Finally, Savvy Advisors Inc. bought a new stake in Community Health Systems in the second quarter worth about $40,000. Institutional investors 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.