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

Community Health Systems, Inc. (NYSE:CYH) has been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.05.

A number of research analysts have weighed in on CYH shares. Oppenheimer cut their price target on shares of Community Health Systems from $5.50 to $4.50 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Barclays assumed coverage on Community Health Systems in a research note on Wednesday, March 6th. They issued an “equal weight” rating and a $3.00 price target on the stock. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Truist Financial lifted their target price on Community Health Systems from $3.25 to $3.75 and gave the company a “hold” rating in a research report on Friday, April 26th.

Institutional Trading of Community Health Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC bought a new position in shares of Community Health Systems in the third quarter valued at $30,000. Red Door Wealth Management LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at about $36,000. Eagle Asset Management Inc. acquired a new stake in Community Health Systems in the 4th quarter valued at about $40,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Community Health Systems during the third quarter worth about $38,000. Finally, Zullo Investment Group Inc. bought a new stake in Community Health Systems in the third quarter valued at approximately $44,000. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Performance

CYH opened at $3.44 on Thursday. Community Health Systems has a twelve month low of $2.01 and a twelve month high of $5.20. The firm has a market cap of $478.06 million, a PE ratio of -3.62 and a beta of 1.52. The firm’s fifty day moving average is $3.03 and its two-hundred day moving average is $3.07.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, April 24th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 0.99%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company posted ($0.43) earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts forecast that Community Health Systems will post -0.32 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.