Brokerages Set Community Health Systems, Inc. (NYSE:CYH) Price Target at $4.52

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) have earned an average rating of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.18.

Several research firms recently commented on CYH. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday. Raymond James cut shares of Community Health Systems from a "market perform" rating to an "underperform" rating in a research note on Friday, November 22nd. Barclays dropped their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday. UBS Group dropped their price objective on shares of Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a research note on Thursday. 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.

Community Health Systems Price Performance

Shares of NYSE CYH traded down $0.03 during trading hours on Wednesday, hitting $3.52. 3,202,505 shares of the stock were exchanged, compared to its average volume of 2,683,356. The company's 50 day moving average is $3.21 and its 200 day moving average is $4.27. The firm has a market capitalization of $488.30 million, a P/E ratio of -0.90 and a beta of 1.63. Community Health Systems has a one year low of $2.51 and a one year high of $6.29.

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

Institutional Investors Weigh In On Community Health Systems

A number of hedge funds have recently added to or reduced their stakes in CYH. CWM LLC grew its holdings in Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company's stock worth $74,000 after acquiring an additional 2,961 shares during the last quarter. Creative Planning bought a new position in shares of Community Health Systems in the 3rd quarter valued at about $163,000. Signaturefd LLC bought a new position in shares of Community Health Systems in the 3rd quarter valued at about $33,000. Assenagon Asset Management S.A. boosted its stake in shares of Community Health Systems by 6.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company's stock valued at $9,810,000 after purchasing an additional 91,985 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in shares of Community Health Systems in the 3rd quarter valued at about $610,000. 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.