Community Health Systems, Inc. (NYSE:CYH) Receives Consensus Recommendation of “Hold” from Brokerages

Community Health Systems, Inc. (NYSE:CYH) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $4.10.

CYH has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company decreased 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. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Guggenheim started coverage on shares of Community Health Systems in a research note on Wednesday. They set a “neutral” rating on the stock. Finally, Barclays dropped their price target on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th.

Community Health Systems Stock Up 8.3 %

CYH stock opened at $2.62 on Thursday. The company has a market cap of $367.59 million, a PE ratio of -0.67 and a beta of 1.72. Community Health Systems has a 52 week low of $2.24 and a 52 week high of $6.29. The business has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $3.67.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.14 billion. On average, analysts anticipate that Community Health Systems will post -0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors have recently made changes to their positions in CYH. Y Intercept Hong Kong Ltd acquired a new position in shares of Community Health Systems in the third quarter worth approximately $500,000. Barclays PLC lifted its position in shares of Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after purchasing an additional 656,447 shares during the period. Franklin Resources Inc. boosted 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 valued at $422,000 after purchasing an additional 2,989 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Community Health Systems by 157.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock worth $12,459,000 after buying an additional 2,550,678 shares during the last quarter. Finally, SG Americas Securities LLC lifted 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 valued at $178,000 after buying an additional 37,211 shares during the period. Institutional investors own 84.99% of the company’s stock.

About Community Health Systems

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.