Community Health Systems (NYSE:CYH) Upgraded by Zacks Research to Strong-Buy Rating

Community Health Systems (NYSE:CYH) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on CYH. Wall Street Zen lowered Community Health Systems from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Truist Financial set a $4.50 price objective on shares of Community Health Systems in a report on Monday, January 5th. 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 report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Community Health Systems in a report on Monday, December 29th. Finally, Wells Fargo & Company dropped their price objective on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.62.

Community Health Systems Stock Performance

CYH opened at $3.50 on Monday. The company has a fifty day moving average price of $3.26 and a two-hundred day moving average price of $3.21. The firm has a market capitalization of $484.51 million, a PE ratio of 0.93 and a beta of 2.10. Community Health Systems has a 52 week low of $2.24 and a 52 week high of $4.47.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $1.00. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.14 billion. Community Health Systems had a negative return on equity of 11.38% and a net margin of 4.08%.The firm’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the company earned ($0.42) EPS. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Equities analysts forecast that Community Health Systems will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 valued at $202,000 after purchasing an additional 3,204 shares during the period. Raymond James Financial Inc. raised its position in Community Health Systems by 16.1% in the 3rd quarter. Raymond James Financial Inc. now owns 37,582 shares of the company’s stock valued at $121,000 after buying an additional 5,202 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Community Health Systems by 4.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 120,417 shares of the company’s stock valued at $409,000 after acquiring an additional 5,395 shares in the last quarter. CWM LLC boosted its position in Community Health Systems by 133.1% during the 2nd quarter. CWM LLC now owns 10,974 shares of the company’s stock worth $37,000 after acquiring an additional 6,266 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake 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 worth $54,000 after acquiring an additional 6,971 shares in the last quarter. 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.