Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) have earned an average rating of "Hold" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.02.
A number of research firms have issued reports on CYH. Guggenheim assumed coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Truist Financial dropped their price objective on Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a report on Friday. Barclays decreased their target price on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. Wells Fargo & Company cut their price target on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. Finally, UBS Group decreased 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 report on Thursday, February 20th.
Check Out Our Latest Report on Community Health Systems
Institutional Trading of Community Health Systems
A number of hedge funds have recently modified their holdings of CYH. Y Intercept Hong Kong Ltd bought a new stake in Community Health Systems during the third quarter worth about $500,000. Barclays PLC lifted its holdings in shares of Community Health Systems by 1,278.2% during 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 last quarter. Franklin Resources Inc. grew its stake 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 last quarter. Assenagon Asset Management S.A. increased its position in Community Health Systems by 157.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock valued at $12,459,000 after buying an additional 2,550,678 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Community Health Systems by 166.7% in the fourth quarter. SG Americas Securities LLC now owns 59,529 shares of the company's stock worth $178,000 after acquiring an additional 37,211 shares in the last quarter. Institutional investors own 84.99% of the company's stock.
Community Health Systems Stock Down 3.3 %
Shares of NYSE CYH traded down $0.09 during midday trading on Thursday, reaching $2.50. The company had a trading volume of 1,743,985 shares, compared to its average volume of 2,093,786. The stock has a market cap of $350.06 million, a PE ratio of -0.64 and a beta of 1.72. Community Health Systems has a one year low of $2.24 and a one year high of $6.29. The firm's fifty day moving average price is $2.93 and its 200-day moving average price is $3.57.
Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.14 billion. As a group, equities research analysts expect that Community Health Systems will post -0.29 EPS for the current year.
About Community Health Systems
(
Get Free ReportCommunity 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.
See Also
Before you consider Community Health Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Community Health Systems wasn't on the list.
While Community Health Systems currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
