Community Health Systems, Inc. (NYSE:CYH) Receives $3.62 Consensus Target Price from Analysts

Community Health Systems, Inc. (NYSE:CYH) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.6167.

Several analysts have recently commented on the stock. Truist Financial set a $4.50 target price on shares of Community Health Systems in a research note on Monday, January 5th. Wells Fargo & Company reduced their price objective on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Wednesday, January 7th. Zacks Research upgraded Community Health Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. UBS Group lifted their price target on Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Weiss Ratings downgraded Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 19th.

Community Health Systems Price Performance

Shares of NYSE CYH opened at $2.87 on Thursday. The stock has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.28. Community Health Systems has a 1-year low of $2.24 and a 1-year high of $4.47. The company has a market cap of $397.17 million, a PE ratio of 0.76 and a beta of 2.10.

Institutional Trading of Community Health Systems

A number of institutional investors have recently added to or reduced their stakes in CYH. Vanguard Group Inc. increased its holdings in Community Health Systems by 0.6% in the third quarter. Vanguard Group Inc. now owns 8,553,686 shares of the company’s stock valued at $27,457,000 after buying an additional 50,576 shares in the last quarter. Eversept Partners LP boosted its stake in shares of Community Health Systems by 14.3% during the 4th quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock worth $24,785,000 after acquiring an additional 993,751 shares in the last quarter. Nomura Holdings Inc. grew its holdings in shares of Community Health Systems by 4.3% in the 3rd quarter. Nomura Holdings Inc. now owns 7,585,919 shares of the company’s stock worth $24,351,000 after acquiring an additional 314,840 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Community Health Systems by 25.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,035,088 shares of the company’s stock valued at $9,469,000 after purchasing an additional 607,066 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Community Health Systems by 1.9% during the second quarter. Geode Capital Management LLC now owns 2,936,764 shares of the company’s stock worth $9,987,000 after purchasing an additional 54,202 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.