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

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $4.73.

Several analysts have weighed in on CYH shares. Oppenheimer lifted their target price on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Truist Financial lifted their target price on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research note on Monday, July 15th. Wells Fargo & Company lifted their target price on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. UBS Group lifted their target price on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 target price on shares of Community Health Systems in a research note on Monday, August 12th.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently modified their holdings of CYH. Assenagon Asset Management S.A. acquired a new stake in shares of Community Health Systems during the second quarter worth $5,121,000. Apollo Management Holdings L.P. acquired a new stake in shares of Community Health Systems during the first quarter worth $5,149,000. Bank of Montreal Can acquired a new stake in shares of Community Health Systems during the second quarter worth $3,692,000. Whitebox Advisors LLC raised its position in shares of Community Health Systems by 43.3% during the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after purchasing an additional 913,542 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Community Health Systems during the first quarter valued at $1,132,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Price Performance

NYSE:CYH opened at $5.91 on Thursday. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $6.29. The firm has a market capitalization of $821.29 million, a P/E ratio of -6.22 and a beta of 1.55. The business has a 50 day simple moving average of $5.47 and a 200 day simple moving average of $4.25.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the company earned ($0.22) EPS. Community Health Systems’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts anticipate that Community Health Systems will post -0.41 EPS for the current fiscal year.

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.