StockNews.com Upgrades Community Health Systems (NYSE:CYH) to Hold

Community Health Systems (NYSE:CYH) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a research note on Monday, August 12th. UBS Group raised their target price on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Oppenheimer increased their price objective on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their target price 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. Finally, Truist Financial dropped their price target on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.18.

Community Health Systems Price Performance

Shares of Community Health Systems stock opened at $3.84 on Friday. The firm has a market cap of $533.57 million, a P/E ratio of -1.27 and a beta of 1.60. Community Health Systems has a fifty-two week low of $2.31 and a fifty-two week high of $6.29. The firm has a 50 day simple moving average of $5.20 and a 200 day simple moving average of $4.48.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm earned ($0.33) earnings per share. Community Health Systems’s revenue was up .1% compared to the same quarter last year. On average, sell-side analysts expect that Community Health Systems will post -0.52 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in Community Health Systems in the second quarter worth $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of Community Health Systems during the second quarter valued at approximately $33,000. Signaturefd LLC bought a new stake in shares of Community Health Systems in the 3rd quarter worth approximately $33,000. Canada Pension Plan Investment Board bought a new position in shares of Community Health Systems during the second quarter valued at $45,000. Finally, CWM LLC raised its stake in shares of Community Health Systems by 32.1% in the third quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after purchasing an additional 2,961 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

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.