Community Health Systems, Inc. (NYSE:CYH) Receives $4.77 Average Price Target from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) have earned an average recommendation of "Hold" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.77.

CYH has been the topic of several research reports. Barclays raised their price objective on Community Health Systems from $3.00 to $5.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Truist Financial reduced their target price on shares of Community Health Systems from $5.50 to $5.00 and set a "hold" rating for the company in a report on Friday, October 25th. StockNews.com cut Community Health Systems from a "hold" rating to a "sell" rating in a research report on Monday, November 25th. Raymond James lowered Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company cut shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $5.00 to $2.50 in a research note on Monday, November 25th.

Institutional Investors Weigh In On Community Health Systems

A number of large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC boosted its stake in shares of Community Health Systems by 301.3% during the third quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company's stock valued at $2,029,000 after acquiring an additional 250,909 shares during the last quarter. Barclays PLC grew its stake in Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company's stock worth $4,296,000 after acquiring an additional 656,447 shares during the period. Hood River Capital Management LLC acquired a new position in Community Health Systems in the 2nd quarter valued at $789,000. Marshall Wace LLP boosted its holdings in shares of Community Health Systems by 51.0% during the second quarter. Marshall Wace LLP now owns 942,303 shares of the company's stock worth $3,166,000 after purchasing an additional 318,333 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Community Health Systems in the second quarter valued at $871,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Trading Down 0.7 %

CYH traded down $0.02 on Tuesday, hitting $2.99. 1,484,584 shares of the company were exchanged, compared to its average volume of 1,977,800. The company has a market cap of $415.45 million, a price-to-earnings ratio of -0.99 and a beta of 1.55. The firm has a 50-day moving average price of $3.77 and a two-hundred day moving average price of $4.45. Community Health Systems has a twelve month low of $2.51 and a twelve month high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. The business's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.33) earnings per share. Equities analysts expect that Community Health Systems will post -0.56 EPS for the current 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.