Analysts Set Community Health Systems, Inc. (NYSE:CYH) PT at $3.28

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned a consensus recommendation of “Reduce” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.2833.

A number of research firms recently commented on CYH. Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Truist Financial decreased their price objective on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings lowered shares of Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. UBS Group increased their target price on shares of Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th.

Community Health Systems Stock Performance

Community Health Systems stock opened at $3.09 on Tuesday. The company has a 50 day moving average price of $2.90 and a 200 day moving average price of $3.13. Community Health Systems has a 52 week low of $2.38 and a 52 week high of $4.43. The firm has a market capitalization of $434.74 million, a price-to-earnings ratio of 0.90 and a beta of 1.86.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, April 21st. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the business posted ($0.03) EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Equities analysts forecast that Community Health Systems will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Community Health Systems by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock worth $202,000 after buying an additional 3,204 shares in the last quarter. Lombard Odier Asset Management USA Corp raised its holdings in shares of Community Health Systems by 5.2% during the 1st quarter. Lombard Odier Asset Management USA Corp now owns 101,000 shares of the company’s stock valued at $297,000 after purchasing an additional 5,000 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Community Health Systems by 16.1% during the 3rd quarter. Raymond James Financial Inc. now owns 37,582 shares of the company’s stock valued at $121,000 after purchasing an additional 5,202 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Community Health Systems by 67.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,269 shares of the company’s stock valued at $54,000 after purchasing an additional 6,971 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Community Health Systems by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock valued at $702,000 after purchasing an additional 7,549 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.