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

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.77.

CYH has been the subject of several recent research reports. StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Barclays raised their target price on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Truist Financial dropped their price objective on Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company downgraded shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $5.00 to $2.50 in a research note on Monday, November 25th. Finally, Raymond James cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd.

Institutional Investors Weigh In On Community Health Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its position in Community Health Systems by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock worth $422,000 after purchasing an additional 2,989 shares during the last quarter. Barclays PLC raised its position in shares of Community Health Systems by 1,278.2% during the third quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after acquiring an additional 656,447 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Community Health Systems during the third quarter valued at $500,000. Algert Global LLC boosted its holdings in Community Health Systems by 39.5% in the third quarter. Algert Global LLC now owns 158,587 shares of the company’s stock valued at $963,000 after acquiring an additional 44,944 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Community Health Systems during the 3rd quarter worth about $207,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Performance

Shares of CYH stock opened at $3.07 on Tuesday. The company has a market capitalization of $426.57 million, a P/E ratio of -1.02 and a beta of 1.55. Community Health Systems has a 12 month low of $2.51 and a 12 month high of $6.29. The stock has a 50 day moving average of $3.62 and a two-hundred day moving average of $4.43.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the company earned ($0.33) EPS. Community Health Systems’s quarterly revenue was up .1% on a year-over-year basis. Sell-side analysts predict that Community Health Systems will post -0.56 earnings per share for the current fiscal year.

Community Health Systems Company Profile

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.