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

Community Health Systems, Inc. (NYSE:CYH) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.18.

A number of equities research analysts have recently commented on CYH shares. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday. 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. Barclays lifted their target price on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Wells Fargo & Company boosted their target price on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, UBS Group lifted their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, August 14th.

Community Health Systems Trading Down 3.6 %

Shares of CYH stock opened at $3.85 on Monday. Community Health Systems has a twelve month low of $2.31 and a twelve month high of $6.29. The company has a market capitalization of $534.26 million, a price-to-earnings ratio of -1.27 and a beta of 1.60. The firm has a 50-day moving average price of $5.20 and a 200 day moving average price of $4.47.

Community Health Systems (NYSE:CYH) last announced 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 company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.33) earnings per share. As a group, research analysts predict that Community Health Systems will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp increased its stake in shares of Community Health Systems by 6.8% in the second quarter. Mackenzie Financial Corp now owns 33,269 shares of the company’s stock worth $112,000 after buying an additional 2,106 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Community Health Systems by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company’s stock valued at $167,000 after purchasing an additional 2,739 shares during the period. CWM LLC grew its stake in Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after buying an additional 2,961 shares during the last quarter. Signaturefd LLC acquired a new position in shares of Community Health Systems during the third quarter valued at $33,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Community Health Systems by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock worth $337,000 after acquiring an additional 6,852 shares during the period. 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.