Analysts Set Community Health Systems, Inc. (NYSE:CYH) PT at $4.05

Community Health Systems, Inc. (NYSE:CYH) has received a consensus rating 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 recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $4.05.

CYH has been the topic of several research analyst reports. Oppenheimer decreased 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 report on Thursday, April 25th. Truist Financial lifted their target price on shares of Community Health Systems from $3.25 to $3.75 and gave the company a “hold” rating in a research report on Friday, April 26th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Barclays initiated coverage on shares of Community Health Systems in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 target price on the stock.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYH. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Community Health Systems by 51.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,665 shares of the company’s stock valued at $121,000 after buying an additional 14,104 shares in the last quarter. Strs Ohio raised its stake in shares of Community Health Systems by 12.9% in the third quarter. Strs Ohio now owns 164,000 shares of the company’s stock worth $475,000 after acquiring an additional 18,800 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Community Health Systems by 20.5% in the third quarter. Teacher Retirement System of Texas now owns 1,715,268 shares of the company’s stock worth $4,974,000 after acquiring an additional 292,351 shares during the last quarter. Convergence Investment Partners LLC bought a new position in shares of Community Health Systems in the third quarter worth about $44,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Community Health Systems in the third quarter worth about $38,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Price Performance

NYSE CYH opened at $3.58 on Monday. The firm has a market capitalization of $497.51 million, a price-to-earnings ratio of -3.77 and a beta of 1.55. The company’s fifty day moving average is $3.28 and its two-hundred day moving average is $3.21. Community Health Systems has a 52-week low of $2.01 and a 52-week high of $5.20.

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