Community Health Systems, Inc. (NYSE:CYH) Given Average Rating of “Hold” by Analysts

Shares of Community Health Systems, Inc. (NYSE:CYH) have received an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $4.77.

Several equities analysts have issued reports on CYH shares. Raymond James cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. Truist Financial reduced their target price on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Barclays upped their target price on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $5.00 to $2.50 in a report on Monday, November 25th.

Hedge Funds Weigh In On Community Health Systems

Institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp increased its stake in Community Health Systems by 6.8% during the 2nd quarter. Mackenzie Financial Corp now owns 33,269 shares of the company’s stock worth $112,000 after purchasing an additional 2,106 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Community Health Systems by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company’s stock valued at $167,000 after buying an additional 2,739 shares during the last quarter. CWM LLC increased its holdings in shares of Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after acquiring an additional 2,961 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Community Health Systems by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock worth $422,000 after buying an additional 2,989 shares during the last quarter. Finally, Signaturefd LLC acquired a new stake in Community Health Systems in the 3rd quarter worth about $33,000. 84.99% of the stock is owned by institutional investors.

Community Health Systems Stock Down 0.7 %

Shares of Community Health Systems stock opened at $3.01 on Tuesday. The company has a market cap of $418.23 million, a P/E ratio of -1.00 and a beta of 1.55. Community Health Systems has a 52-week low of $2.51 and a 52-week high of $6.29. The firm’s 50 day moving average price is $3.82 and its 200-day moving average price is $4.45.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the business earned ($0.33) earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that Community Health Systems will post -0.56 EPS 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.