Analysts Set Community Health Systems, Inc. (NYSE:CYH) Price Target at $4.10

Shares of Community Health Systems, Inc. (NYSE:CYH) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $4.10.

Several equities analysts have issued reports on the company. UBS Group dropped their price objective on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Barclays dropped their price objective on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company dropped their price objective on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Truist Financial lowered their price target on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th.

Institutional Investors Weigh In On Community Health Systems

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after purchasing an additional 6,445 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Community Health Systems in the 4th quarter valued at approximately $33,000. Cibc World Markets Corp purchased a new stake in Community Health Systems in the 4th quarter valued at approximately $35,000. Virtu Financial LLC purchased a new stake in Community Health Systems in the 4th quarter valued at approximately $38,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Community Health Systems during the 3rd quarter valued at approximately $94,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Price Performance

Community Health Systems stock opened at $2.61 on Friday. Community Health Systems has a 1-year low of $2.53 and a 1-year high of $6.29. The stock has a market cap of $365.72 million, a PE ratio of -0.67 and a beta of 1.81. The stock’s fifty day moving average is $3.17 and its two-hundred day moving average is $3.97.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.51). The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.14 billion. On average, research analysts expect that Community Health Systems will post -0.29 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.