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

Community Health Systems, Inc. (NYSE:CYH) has received an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.52.

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $5.00 to $2.50 in a research note on Monday, November 25th. 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. StockNews.com cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Truist Financial cut their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, Barclays raised their price target on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th.

Hedge Funds Weigh In On Community Health Systems

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after buying an additional 6,445 shares during the period. Signaturefd LLC acquired a new stake in shares of Community Health Systems in the 3rd quarter valued at approximately $33,000. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $33,000. Cibc World Markets Corp acquired a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $35,000. Finally, Virtu Financial LLC acquired a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $38,000. 84.99% of the stock is owned by institutional investors.

Community Health Systems Price Performance

Shares of CYH stock opened at $3.35 on Wednesday. The stock has a market cap of $464.79 million, a P/E ratio of -1.11 and a beta of 1.63. The company has a fifty day moving average price of $3.21 and a two-hundred day moving average price of $4.29. Community Health Systems has a one year low of $2.51 and a one year high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). As a group, equities research analysts anticipate that Community Health Systems will post -0.55 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.