Community Health Systems, Inc. (NYSE:CYH) Receives $4.52 Consensus Price Target from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.18.

Several equities research analysts recently issued reports on CYH shares. Truist Financial reduced their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a report on Monday, January 6th. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $5.00 to $2.50 in a report on Monday, November 25th. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Barclays cut their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday.

Community Health Systems Stock Performance

CYH opened at $3.52 on Wednesday. The stock has a market capitalization of $488.41 million, a P/E ratio of -0.90 and a beta of 1.63. The company’s 50-day simple moving average is $3.21 and its two-hundred day simple moving average is $4.27. Community Health Systems has a 52-week low of $2.51 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.51). The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Research analysts forecast that Community Health Systems will post -0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after acquiring an additional 6,445 shares during the last quarter. Signaturefd LLC bought a new stake in Community Health Systems in the third quarter worth $33,000. Two Sigma Securities LLC bought a new stake in Community Health Systems in the fourth quarter worth $33,000. Cibc World Markets Corp bought a new stake in Community Health Systems in the fourth quarter worth $35,000. Finally, Virtu Financial LLC bought a new stake in Community Health Systems in the fourth quarter worth $38,000. 84.99% of the stock is currently owned by institutional investors.

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.