Community Health Systems (NYSE:CYH) Upgraded at Zacks Research

Zacks Research upgraded shares of Community Health Systems (NYSE:CYH) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on CYH. Truist Financial set a $4.50 price target on shares of Community Health Systems in a research note on Monday, January 5th. UBS Group lifted their target price on shares of Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company reduced their price target on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Community Health Systems in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Community Health Systems from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Community Health Systems presently has a consensus rating of “Hold” and a consensus target price of $3.62.

Community Health Systems Stock Performance

Shares of Community Health Systems stock opened at $3.65 on Monday. Community Health Systems has a fifty-two week low of $2.24 and a fifty-two week high of $4.47. The company has a market cap of $506.00 million, a P/E ratio of 0.97 and a beta of 2.10. The firm has a 50-day simple moving average of $3.27 and a two-hundred day simple moving average of $3.21.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $1.00. Community Health Systems had a negative return on equity of 11.38% and a net margin of 4.08%.The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the business earned ($0.42) EPS. Community Health Systems’s revenue for the quarter was down 4.9% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Equities research analysts forecast that Community Health Systems will post -0.29 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 stock. Vanguard Group Inc. boosted its stake in Community Health Systems by 0.6% during the third quarter. Vanguard Group Inc. now owns 8,553,686 shares of the company’s stock worth $27,457,000 after buying an additional 50,576 shares during the last quarter. Eversept Partners LP raised its holdings in shares of Community Health Systems by 14.3% during the 4th quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock worth $24,785,000 after acquiring an additional 993,751 shares during the period. Nomura Holdings Inc. boosted its position in shares of Community Health Systems by 4.3% during the 3rd quarter. Nomura Holdings Inc. now owns 7,585,919 shares of the company’s stock valued at $24,351,000 after acquiring an additional 314,840 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Community Health Systems by 25.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,035,088 shares of the company’s stock worth $9,469,000 after purchasing an additional 607,066 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Community Health Systems by 1.9% during the second quarter. Geode Capital Management LLC now owns 2,936,764 shares of the company’s stock worth $9,987,000 after purchasing an additional 54,202 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.