Community Health Systems, Inc. (NYSE:CYH) Receives $3.28 Consensus Target Price from Brokerages

Community Health Systems, Inc. (NYSE:CYH) has received a consensus recommendation of “Reduce” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.2833.

CYH has been the subject of several recent research reports. Zacks Research lowered Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Barclays cut their price objective on Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded shares of Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. Finally, Truist Financial reduced their price objective on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd.

Hedge Funds Weigh In On Community Health Systems

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in Community Health Systems by 601.9% during the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after purchasing an additional 7,963 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Community Health Systems during the third quarter valued at approximately $32,000. Lazard Asset Management LLC purchased a new position in shares of Community Health Systems in the fourth quarter worth $34,000. Wealthcare Advisory Partners LLC purchased a new position in Community Health Systems during the fourth quarter valued at $35,000. Finally, Quarry LP bought a new stake in Community Health Systems in the 3rd quarter valued at $39,000. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Trading Down 1.2%

Shares of NYSE CYH opened at $2.78 on Friday. Community Health Systems has a 12-month low of $2.38 and a 12-month high of $4.43. The firm has a market capitalization of $391.05 million, a price-to-earnings ratio of 0.81 and a beta of 1.89. The firm has a 50 day moving average of $2.95 and a 200 day moving average of $3.20.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.30). The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.89 billion. Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Sell-side analysts predict that Community Health Systems will post -0.58 EPS for the current year.

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.