Analysts Set Community Health Systems, Inc. (NYSE:CYH) PT at $5.18

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.18.

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Truist Financial dropped their target price on Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Friday, October 25th. UBS Group increased their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Monday, August 12th. Finally, Oppenheimer boosted their target price on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th.

Community Health Systems Stock Down 3.8 %

Community Health Systems stock opened at $4.06 on Monday. Community Health Systems has a twelve month low of $2.31 and a twelve month high of $6.29. The company’s 50-day moving average price is $5.27 and its 200-day moving average price is $4.47. The company has a market cap of $564.14 million, a PE ratio of -1.34 and a beta of 1.60.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the firm earned ($0.33) earnings per share. Community Health Systems’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts expect that Community Health Systems will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in Community Health Systems by 384.7% in the second quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock valued at $715,000 after purchasing an additional 168,941 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Community Health Systems in the 1st quarter worth approximately $1,132,000. Vanguard Group Inc. lifted its position in Community Health Systems by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after acquiring an additional 28,669 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in Community Health Systems in the second quarter valued at approximately $789,000. Finally, Acadian Asset Management LLC purchased a new position in Community Health Systems in the second quarter worth $871,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.