Community Health Systems, Inc. (NYSE:CYH) Given Consensus Recommendation of "Hold" by Brokerages

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has earned an average rating of "Hold" from the seven brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.77.

CYH has been the subject of several research analyst reports. Raymond James downgraded Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. Truist Financial reduced their price objective on Community Health Systems from $5.50 to $5.00 and set a "hold" rating for the company in a report on Friday, October 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $6.00 price objective on shares of Community Health Systems in a report on Monday, August 12th. Barclays boosted their price target on Community Health Systems from $3.00 to $5.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Finally, StockNews.com cut Community Health Systems from a "hold" rating to a "sell" rating in a research report on Monday, November 25th.

Community Health Systems Trading Up 3.3 %

Community Health Systems stock traded up $0.11 on Friday, hitting $3.48. 6,114,888 shares of the stock traded hands, compared to its average volume of 1,832,864. The firm has a market cap of $483.55 million, a P/E ratio of -1.14 and a beta of 1.55. The business's fifty day simple moving average is $4.58 and its 200 day simple moving average is $4.49. Community Health Systems has a 1 year low of $2.31 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly 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 analysts' expectations of $3.08 billion. During the same period in the previous year, the firm earned ($0.33) EPS. Community Health Systems's quarterly revenue was up .1% on a year-over-year basis. As a group, analysts predict that Community Health Systems will post -0.55 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in shares of Community Health Systems by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock worth $422,000 after buying an additional 2,989 shares during the period. Barclays PLC increased its holdings in shares of Community Health Systems by 1,278.2% in the third quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after purchasing an additional 656,447 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Community Health Systems in the third quarter valued at about $500,000. Algert Global LLC increased its holdings in shares of Community Health Systems by 39.5% in the third quarter. Algert Global LLC now owns 158,587 shares of the company's stock valued at $963,000 after purchasing an additional 44,944 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Community Health Systems in the third quarter valued at about $207,000. Institutional investors own 84.99% of the company's stock.

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.