Community Health Systems, Inc. (NYSE:CYH) Receives $3.92 Consensus Target Price from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $3.92.

A number of brokerages recently weighed in on CYH. Wells Fargo & Company decreased their price objective on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Truist Financial lowered their price objective on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a report on Friday, April 11th. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Barclays lowered their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. Finally, UBS Group set a $3.50 price objective on Community Health Systems in a report on Friday, April 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in shares of Community Health Systems by 157.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock valued at $12,459,000 after buying an additional 2,550,678 shares during the period. Barclays PLC increased its position in Community Health Systems by 1,278.2% during the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock valued at $4,296,000 after purchasing an additional 656,447 shares during the period. Vanguard Group Inc. increased its position in shares of Community Health Systems by 12.3% during the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company’s stock valued at $33,490,000 after buying an additional 1,229,039 shares during the period. Rhumbline Advisers raised its position in shares of Community Health Systems by 2.4% in the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company’s stock worth $602,000 after acquiring an additional 4,654 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Community Health Systems by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company’s stock valued at $8,402,000 after buying an additional 9,772 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Price Performance

CYH stock opened at $3.50 on Monday. The firm has a 50 day simple moving average of $2.70 and a two-hundred day simple moving average of $3.20. The stock has a market cap of $491.07 million, a PE ratio of -0.90 and a beta of 1.99. Community Health Systems has a one year low of $2.24 and a one year high of $6.29.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.07. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the firm posted ($0.14) earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, research analysts expect that Community Health Systems will post -0.29 EPS for the current fiscal year.

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.