Community Health Systems, Inc. (NYSE:CYH) Receives $4.05 Consensus Price Target from Brokerages

Community Health Systems, Inc. (NYSE:CYH) has been assigned an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $4.05.

A number of equities research analysts have issued reports on CYH shares. Barclays began coverage on Community Health Systems in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 target price for the company. Truist Financial raised their target price on shares of Community Health Systems from $3.25 to $3.75 and gave the company a “hold” rating in a research note on Friday, April 26th. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Oppenheimer lowered their price target on Community Health Systems from $5.50 to $4.50 and set an “outperform” rating on the stock in a research report on Thursday, April 25th.

Community Health Systems Stock Up 1.0 %

NYSE CYH opened at $3.59 on Monday. The company has a 50 day moving average price of $3.28 and a two-hundred day moving average price of $3.20. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $5.20. The stock has a market capitalization of $498.21 million, a PE ratio of -3.77 and a beta of 1.55.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, April 24th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 0.99%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned ($0.43) earnings per share. As a group, equities analysts anticipate that Community Health Systems will post -0.32 EPS for the current year.

Institutional Investors Weigh In On Community Health Systems

Hedge funds have recently made changes to their positions in the stock. Jump Financial LLC bought a new stake in Community Health Systems in the 3rd quarter valued at $30,000. Red Door Wealth Management LLC acquired a new position in Community Health Systems in the fourth quarter worth about $36,000. Eagle Asset Management Inc. bought a new position in Community Health Systems during the fourth quarter worth about $40,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Community Health Systems during the third quarter valued at approximately $38,000. Finally, Convergence Investment Partners LLC bought a new stake in shares of Community Health Systems in the 3rd quarter valued at approximately $44,000. 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.