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

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has earned a consensus recommendation of "Hold" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $4.73.

Several brokerages have recently issued reports on CYH. Truist Financial upped their price target on Community Health Systems from $3.75 to $4.25 and gave the company a "hold" rating in a research note on Monday, July 15th. UBS Group increased their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a "neutral" rating in a report on Wednesday, August 14th. Wells Fargo & Company increased their price objective on Community Health Systems from $3.50 to $5.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 30th. Oppenheimer increased their price objective on Community Health Systems from $4.50 to $5.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CYH. nVerses Capital LLC boosted its stake in shares of Community Health Systems by 138.7% in the 3rd quarter. nVerses Capital LLC now owns 17,900 shares of the company's stock worth $109,000 after buying an additional 10,400 shares during the last quarter. Creative Planning purchased a new position in Community Health Systems in the third quarter valued at approximately $163,000. CWM LLC lifted its stake in Community Health Systems by 32.1% in the third quarter. CWM LLC now owns 12,191 shares of the company's stock valued at $74,000 after purchasing an additional 2,961 shares during the last quarter. Algert Global LLC lifted its stake in Community Health Systems by 250.7% in the second quarter. Algert Global LLC now owns 113,643 shares of the company's stock valued at $382,000 after purchasing an additional 81,236 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its stake in Community Health Systems by 13.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 367,593 shares of the company's stock valued at $1,235,000 after purchasing an additional 44,181 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Community Health Systems Trading Up 1.3 %

CYH stock traded up $0.08 during trading on Thursday, hitting $6.00. The company had a trading volume of 1,678,956 shares, compared to its average volume of 1,752,977. The company has a fifty day moving average price of $5.49 and a two-hundred day moving average price of $4.27. The company has a market cap of $833.10 million, a P/E ratio of -6.31 and a beta of 1.55. Community Health Systems has a fifty-two week low of $2.01 and a fifty-two week high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.10 billion. Community Health Systems's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.22) earnings per share. On average, analysts expect that Community Health Systems will post -0.41 earnings per share 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.