Community Health Systems, Inc. (NYSE:CYH) Receives $4.73 Consensus Target Price from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have received a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.73.

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

Institutional Trading of Community Health Systems

Several institutional investors and hedge funds have recently made changes to their positions in CYH. Assenagon Asset Management S.A. bought a new stake in shares of Community Health Systems in the 2nd quarter valued at about $5,121,000. Apollo Management Holdings L.P. purchased a new stake in Community Health Systems during the first quarter worth $5,149,000. Bank of Montreal Can purchased a new position in shares of Community Health Systems in the 2nd quarter valued at $3,692,000. Whitebox Advisors LLC raised its position in shares of Community Health Systems by 43.3% in the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after acquiring an additional 913,542 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Community Health Systems during the first quarter valued at about $1,132,000. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Stock Down 0.7 %

CYH stock opened at $5.95 on Thursday. The company has a fifty day simple moving average of $5.51 and a two-hundred day simple moving average of $4.29. Community Health Systems has a 52 week low of $2.01 and a 52 week high of $6.29. The firm has a market capitalization of $826.85 million, a P/E ratio of -6.26 and a beta of 1.55.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. Community Health Systems’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. As a group, analysts anticipate that Community Health Systems will post -0.41 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.