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

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.60.

Several research firms recently issued reports on CYH. Wall Street Zen cut shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Wells Fargo & Company reduced their price target on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Community Health Systems in a research report on Monday, December 29th. UBS Group lifted their target price on Community Health Systems from $3.20 to $3.60 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, Truist Financial set a $4.50 price objective on shares of Community Health Systems in a report on Monday, January 5th.

Community Health Systems Stock Performance

NYSE:CYH opened at $3.20 on Friday. Community Health Systems has a one year low of $2.24 and a one year high of $4.47. The stock has a market cap of $442.57 million, a PE ratio of 1.32 and a beta of 2.04. The stock has a 50 day moving average price of $3.29 and a 200 day moving average price of $3.19.

Community Health Systems (NYSE:CYH) last issued its earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share (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 company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the business earned ($0.30) EPS. The firm’s quarterly revenue 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, analysts predict 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 made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new position in Community Health Systems in the 3rd quarter valued at approximately $32,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Community Health Systems during the fourth quarter worth about $35,000. CWM LLC raised its holdings in Community Health Systems by 133.1% in the second quarter. CWM LLC now owns 10,974 shares of the company’s stock valued at $37,000 after acquiring an additional 6,266 shares in the last quarter. Quarry LP acquired a new position in Community Health Systems during the 3rd quarter worth approximately $39,000. Finally, Savvy Advisors Inc. purchased a new stake in shares of Community Health Systems in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.