Community Health Systems (CYH) Receives $8.28 Consensus Target Price from Analysts

Shares of Community Health Systems (NYSE:CYH) have been given a consensus rating of “Hold” by the twenty-one brokerages that are presently covering the firm. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $8.53.

Several research analysts have recently weighed in on CYH shares. Piper Jaffray Companies started coverage on shares of Community Health Systems in a research report on Wednesday, January 4th. They issued a “neutral” rating and a $6.00 target price on the stock. Vetr downgraded shares of Community Health Systems from a “sell” rating to a “strong sell” rating and set a $7.83 target price on the stock. in a research report on Monday, March 27th. Zacks Investment Research raised shares of Community Health Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 31st. Mizuho reiterated a “hold” rating on shares of Community Health Systems in a research note on Monday, March 13th. Finally, Barclays PLC reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Monday, January 9th.

A number of hedge funds and other institutional investors have recently modified their holdings of CYH. PNC Financial Services Group Inc. increased its position in shares of Community Health Systems by 20.9% in the third quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the company’s stock valued at $101,000 after buying an additional 1,510 shares during the period. State of Alaska Department of Revenue increased its position in shares of Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock valued at $111,000 after buying an additional 270 shares during the period. United Capital Financial Advisers LLC increased its position in shares of Community Health Systems by 45.7% in the fourth quarter. United Capital Financial Advisers LLC now owns 20,099 shares of the company’s stock valued at $112,000 after buying an additional 6,303 shares during the period. Tudor Investment Corp Et Al acquired a new position in Community Health Systems during the fourth quarter worth about $113,000. Finally, Acrospire Investment Management LLC increased its position in Community Health Systems by 4.6% in the third quarter. Acrospire Investment Management LLC now owns 11,406 shares of the company’s stock worth $132,000 after buying an additional 500 shares during the last quarter.

Community Health Systems (NYSE:CYH) traded down 1.32% during midday trading on Tuesday, hitting $8.24. The stock had a trading volume of 2,317,941 shares. The stock’s market cap is $913.87 million. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $17.73. The stock has a 50 day moving average of $9.04 and a 200 day moving average of $7.50.

Community Health Systems (NYSE:CYH) last released its earnings results on Monday, February 20th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.32. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.42 billion. Community Health Systems had a negative net margin of 8.44% and a negative return on equity of 0.94%. During the same period last year, the firm posted ($0.28) earnings per share. Analysts expect that Community Health Systems will post $0.54 EPS for the current fiscal year.

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About Community Health Systems

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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