Community Health Systems, Inc. (NYSE:CYH) Receives Consensus Recommendation of "Hold" from Analysts

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.10.

A number of research firms have weighed in on CYH. Barclays decreased their price objective on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, February 20th. Truist Financial dropped their price objective on Community Health Systems from $5.00 to $3.50 and set a "hold" rating for the company in a research note on Monday, January 6th. UBS Group reduced their target price on shares of Community Health Systems from $4.80 to $4.10 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Raymond James cut Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd.

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Institutional Trading of Community Health Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after buying an additional 6,445 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Community Health Systems in the fourth quarter worth about $33,000. Cibc World Markets Corp acquired a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $35,000. Virtu Financial LLC acquired a new position in Community Health Systems during the 4th quarter worth approximately $38,000. Finally, Canada Pension Plan Investment Board bought a new position in Community Health Systems in the 4th quarter valued at approximately $54,000. Institutional investors own 84.99% of the company's stock.

Community Health Systems Stock Down 1.3 %

CYH stock traded down $0.04 during midday trading on Friday, hitting $2.75. 624,528 shares of the company traded hands, compared to its average volume of 2,553,402. The business has a 50 day simple moving average of $3.19 and a 200-day simple moving average of $4.02. Community Health Systems has a twelve month low of $2.53 and a twelve month high of $6.29. The stock has a market capitalization of $381.34 million, a price-to-earnings ratio of -0.70 and a beta of 1.81.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.51). The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.14 billion. Equities research analysts forecast that Community Health Systems will post -0.29 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.