Community Health Systems, Inc. (NYSE:CYH) Stock Has Consensus Target Price of $2.96

Shares of Community Health Systems, Inc. (NYSE:CYH) have been given an average recommendation of “Reduce” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $2.96.

A number of equities analysts have recently issued reports on CYH shares. UBS Group dropped their price target on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Truist Financial reduced their price objective on Community Health Systems from $3.75 to $3.25 and set a “hold” rating for the company in a research report on Monday, July 27th. Weiss Ratings downgraded Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Royal Bank Of Canada lowered their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Finally, Barclays decreased their price target on shares of Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd.

Insider Activity

In other news, Director William Jennings sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total value of $118,400.00. Following the completion of the sale, the director directly owned 38,468 shares in the company, valued at $113,865.28. This represents a 50.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Apollo Management Holdings L.P. lifted its holdings in Community Health Systems by 3.2% during the second quarter. Apollo Management Holdings L.P. now owns 11,859,526 shares of the company’s stock valued at $39,611,000 after purchasing an additional 370,210 shares in the last quarter. BlackRock Inc. bought a new position in shares of Community Health Systems in the second quarter worth approximately $36,508,000. Eversept Partners LP increased its stake in shares of Community Health Systems by 9.2% in the first quarter. Eversept Partners LP now owns 8,677,281 shares of the company’s stock worth $25,511,000 after purchasing an additional 733,479 shares in the last quarter. Whitebox Advisors LLC increased its stake in Community Health Systems by 42.1% in the 1st quarter. Whitebox Advisors LLC now owns 3,127,884 shares of the company’s stock worth $9,196,000 after buying an additional 926,364 shares in the last quarter. Finally, Owl Creek Asset Management L.P. grew its holdings in Community Health Systems by 65.4% during the 1st quarter. Owl Creek Asset Management L.P. now owns 2,530,622 shares of the company’s stock valued at $7,440,000 after buying an additional 1,000,862 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Up 0.2%

CYH opened at $2.88 on Monday. The stock has a market capitalization of $406.81 million, a price-to-earnings ratio of 1.56 and a beta of 1.88. The firm has a 50 day moving average price of $2.91 and a 200-day moving average price of $2.98. Community Health Systems has a twelve month low of $2.40 and a twelve month high of $4.43.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.09). Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the business posted ($0.05) EPS. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, analysts expect that Community Health Systems will post -0.86 earnings per share for the current year.

About Community Health Systems

Community Health Systems, Inc is a healthcare services company that owns, leases, or operates hospitals and other healthcare facilities, primarily serving communities in non-urban and rural areas of the United States. The company is headquartered in Franklin, Tennessee, and its shares trade on the New York Stock Exchange under the symbol CYH.

CHS-affiliated facilities provide a broad range of services, including emergency care, general and specialty medical treatment, surgery, diagnostic imaging, laboratory services, rehabilitation, behavioral health, and women’s and children’s care.