Community Health Systems, Inc. (NYSE:CYH) Receives $4.77 Average Price Target from Brokerages

Community Health Systems, Inc. (NYSE:CYH) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $4.77.

A number of analysts have recently issued reports on the company. Barclays lifted their price target on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Truist Financial dropped their price objective on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a report on Friday, October 25th. UBS Group increased their target price on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd.

Community Health Systems Trading Up 3.7 %

Shares of Community Health Systems stock opened at $3.64 on Friday. The company’s 50-day moving average price is $4.44 and its 200-day moving average price is $4.50. The company has a market cap of $505.78 million, a price-to-earnings ratio of -1.21 and a beta of 1.55. Community Health Systems has a 12-month low of $2.31 and a 12-month high of $6.29.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the business earned ($0.33) EPS. Community Health Systems’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts predict that Community Health Systems will post -0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in Community Health Systems during the 2nd quarter valued at $25,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Community Health Systems during the second quarter worth about $33,000. Signaturefd LLC purchased a new position in Community Health Systems during the 3rd quarter valued at about $33,000. Canada Pension Plan Investment Board bought a new position in Community Health Systems during the 2nd quarter valued at approximately $45,000. Finally, CWM LLC grew its position in shares of Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after buying an additional 2,961 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 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.