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

Shares of Community Health Systems, Inc. (NYSE:CYH) have received a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.73.

A number of research analysts recently issued reports on CYH shares. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a report on Monday, August 12th. Oppenheimer increased their price target on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Truist Financial increased their price target on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research report on Monday, July 15th. Wells Fargo & Company increased their price target on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Finally, UBS Group increased their price target on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, August 14th.

Institutional Trading of Community Health Systems

Hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Community Health Systems during the 2nd quarter worth $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of Community Health Systems in the 2nd quarter valued at $33,000. Eagle Asset Management Inc. bought a new position in shares of Community Health Systems in the 4th quarter valued at $40,000. Canada Pension Plan Investment Board bought a new position in shares of Community Health Systems in the 2nd quarter valued at $45,000. Finally, RPO LLC bought a new position in shares of Community Health Systems in the 4th quarter valued at $75,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Trading Up 1.2 %

NYSE CYH opened at $5.90 on Friday. The stock has a 50-day simple moving average of $5.04 and a 200 day simple moving average of $3.92. The company has a market capitalization of $819.90 million, a PE ratio of -6.21 and a beta of 1.56. Community Health Systems has a 12 month low of $2.01 and a 12 month high of $5.98.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business earned ($0.22) EPS. Community Health Systems’s quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts predict that Community Health Systems will post -0.42 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.