Brokerages Set Community Health Systems, Inc. (NYSE:CYH) Target Price at $3.60

Community Health Systems, Inc. (NYSE:CYH) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.60.

CYH has been the topic of a number of recent research reports. Truist Financial set a $4.50 target price on Community Health Systems in a research report on Monday, January 5th. Wells Fargo & Company decreased their price target on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research note on Wednesday, January 7th. Wall Street Zen cut Community Health Systems from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Community Health Systems in a report on Monday, December 29th. Finally, UBS Group boosted their target price on shares of Community Health Systems from $3.20 to $3.60 and gave the stock a “neutral” rating in a report on Monday, October 27th.

Hedge Funds Weigh In On Community Health Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of CYH. Strs Ohio bought a new position in Community Health Systems during the first quarter worth $289,000. Helix Partners Management LP lifted its stake in shares of Community Health Systems by 20.0% during the 2nd quarter. Helix Partners Management LP now owns 1,977,765 shares of the company’s stock worth $6,724,000 after buying an additional 330,020 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Community Health Systems during the 2nd quarter worth about $41,000. Nomura Holdings Inc. grew its stake in Community Health Systems by 25.9% in the 2nd quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock valued at $24,722,000 after buying an additional 1,494,378 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Community Health Systems by 20.0% during the second quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,500,000 shares of the company’s stock worth $5,100,000 after acquiring an additional 250,000 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Down 1.1%

NYSE CYH opened at $3.25 on Friday. The firm’s 50 day moving average is $3.31 and its 200-day moving average is $3.19. The company has a market capitalization of $450.61 million, a PE ratio of 1.34 and a beta of 2.04. Community Health Systems has a 12-month low of $2.24 and a 12-month high of $4.47.

Community Health Systems (NYSE:CYH) last released its earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $1.57. Community Health Systems had a net margin of 2.60% and a negative return on equity of 6.90%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the firm earned ($0.30) earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. As a group, sell-side analysts expect that Community Health Systems will post -0.29 EPS for the current year.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.