Community Health Systems, Inc. (NYSE:CYH) Given Consensus Recommendation of “Hold” by Analysts

Community Health Systems, Inc. (NYSE:CYH) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $3.6167.

CYH has been the subject of a number of recent research reports. Zacks Research upgraded Community Health Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wells Fargo & Company cut their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Community Health Systems in a report on Monday, December 29th. Truist Financial set a $4.50 price target on shares of Community Health Systems in a research note on Monday, January 5th. Finally, UBS Group upped their price objective on Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a research note on Friday, February 20th.

Community Health Systems Price Performance

Shares of CYH opened at $3.36 on Friday. The firm has a market capitalization of $465.80 million, a P/E ratio of 0.89 and a beta of 2.10. Community Health Systems has a one year low of $2.24 and a one year high of $4.47. The business has a fifty day moving average of $3.30 and a 200 day moving average of $3.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Community Health Systems by 601.9% during the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after acquiring an additional 7,963 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Community Health Systems in the third quarter worth approximately $32,000. Lazard Asset Management LLC purchased a new stake in shares of Community Health Systems in the fourth quarter worth $34,000. CWM LLC raised its position in shares of Community Health Systems by 133.1% during the 2nd quarter. CWM LLC now owns 10,974 shares of the company’s stock valued at $37,000 after purchasing an additional 6,266 shares during the period. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Community Health Systems during the 4th quarter valued at $35,000. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Company Profile

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.