Community Health Systems, Inc. (NYSE:CYH) Given Average Rating of “Hold” by Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYHGet Rating) have received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.53.

Several research firms have recently commented on CYH. Citigroup lowered their target price on Community Health Systems from $18.00 to $14.00 in a report on Friday, April 29th. Zacks Investment Research lowered Community Health Systems from a “hold” rating to a “strong sell” rating and set a $7.25 target price for the company. in a report on Friday, April 29th. Wells Fargo & Company began coverage on Community Health Systems in a report on Monday, March 28th. They set an “equal weight” rating and a $12.00 target price for the company. Finally, StockNews.com began coverage on Community Health Systems in a report on Thursday, March 31st. They set a “hold” rating for the company.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. M Holdings Securities Inc. bought a new position in Community Health Systems during the 1st quarter valued at $245,000. Range Financial Group LLC acquired a new stake in shares of Community Health Systems during the 1st quarter valued at $171,000. Penn Capital Management Company LLC lifted its position in shares of Community Health Systems by 9.3% during the 1st quarter. Penn Capital Management Company LLC now owns 1,200,799 shares of the company’s stock valued at $12,480,000 after acquiring an additional 102,674 shares during the last quarter. Delphia USA Inc. acquired a new stake in shares of Community Health Systems during the 1st quarter valued at $170,000. Finally, PDT Partners LLC lifted its position in shares of Community Health Systems by 43.3% during the 1st quarter. PDT Partners LLC now owns 44,600 shares of the company’s stock valued at $529,000 after acquiring an additional 13,481 shares during the last quarter. 78.41% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CYH opened at $5.35 on Friday. The stock’s 50 day moving average price is $9.20 and its two-hundred day moving average price is $11.46. Community Health Systems has a 52-week low of $5.18 and a 52-week high of $17.04. The stock has a market capitalization of $720.61 million, a P/E ratio of 2.41, a PEG ratio of 1.10 and a beta of 1.83.

Community Health Systems (NYSE:CYHGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Community Health Systems had a negative return on equity of 20.58% and a net margin of 2.36%. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, research analysts anticipate that Community Health Systems will post 1.13 EPS for the current fiscal year.

Community Health Systems Company Profile (Get Rating)

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.

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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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