Community Health Systems, Inc. (NYSE:CYH) Receives Consensus Recommendation of “Reduce” from Analysts

Community Health Systems, Inc. (NYSE:CYH) has earned a consensus recommendation of “Reduce” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $3.7250.

A number of equities analysts have recently commented on CYH shares. Royal Bank Of Canada cut their price target on shares of Community Health Systems from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, July 25th. Barclays cut their price target on shares of Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Wells Fargo & Company lifted their price target on shares of Community Health Systems from $2.50 to $3.00 and gave the stock an “underweight” rating in a report on Tuesday, October 7th. UBS Group lifted their price target on shares of Community Health Systems from $3.20 to $3.60 and gave the stock a “neutral” rating in a report on Monday, October 27th. Finally, Wall Street Zen lowered shares of Community Health Systems from a “buy” rating to a “hold” rating in a report on Sunday.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently bought and sold shares of CYH. Teacher Retirement System of Texas bought a new stake in Community Health Systems in the first quarter valued at $1,021,000. Strs Ohio bought a new stake in Community Health Systems in the first quarter valued at $289,000. Cubist Systematic Strategies LLC bought a new stake in Community Health Systems in the first quarter valued at $695,000. Kapitalo Investimentos Ltda bought a new stake in Community Health Systems in the second quarter valued at $41,000. Finally, Russell Investments Group Ltd. increased its stake in Community Health Systems by 29.1% in the first quarter. Russell Investments Group Ltd. now owns 209,043 shares of the company’s stock valued at $564,000 after purchasing an additional 47,067 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Performance

NYSE CYH opened at $3.87 on Monday. The firm’s fifty day moving average price is $3.14 and its two-hundred day moving average price is $3.20. The stock has a market cap of $535.38 million, a PE ratio of 1.60 and a beta of 1.88. Community Health Systems has a fifty-two week low of $2.24 and a fifty-two week high of $4.64.

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