Community Health Systems, Inc. (NYSE:CYH) Receives Average Rating of “Reduce” from Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have been given a consensus rating of “Reduce” by the eight brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $3.7417.

Several research analysts have recently issued reports on the company. UBS Group lowered their price objective on Community Health Systems from $3.50 to $3.20 and set a “neutral” rating for the company in a research note on Friday, July 25th. Barclays lowered their price objective on Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Royal Bank Of Canada lowered their price objective on Community Health Systems from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $3.00 price objective (down previously from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. Finally, Truist Financial upped their target price on Community Health Systems from $3.50 to $4.25 and gave the company a “hold” rating in a report on Wednesday, July 16th.

Institutional Trading of Community Health Systems

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after buying an additional 6,445 shares in the last quarter. R Squared Ltd boosted its holdings in shares of Community Health Systems by 71.6% during the 1st quarter. R Squared Ltd now owns 10,950 shares of the company’s stock worth $30,000 after buying an additional 4,570 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Community Health Systems during the 4th quarter worth approximately $33,000. Harbor Capital Advisors Inc. bought a new position in shares of Community Health Systems during the 1st quarter worth approximately $36,000. Finally, CWM LLC boosted its holdings in shares of Community Health Systems by 133.1% during the 2nd quarter. CWM LLC now owns 10,974 shares of the company’s stock worth $37,000 after buying an additional 6,266 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Trading Up 4.3%

Shares of NYSE CYH opened at $2.56 on Wednesday. The company has a market cap of $358.01 million, a price-to-earnings ratio of -1.71 and a beta of 1.86. Community Health Systems has a 12 month low of $2.24 and a 12 month high of $6.29. The stock has a 50-day moving average price of $3.23 and a two-hundred day moving average price of $3.15.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, July 23rd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.10). The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the firm posted ($0.17) earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, sell-side analysts predict that Community Health Systems will post -0.29 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.