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

Community Health Systems, Inc. (NYSE:CYH) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.6167.

Several equities analysts recently commented on CYH shares. UBS Group boosted their target price on Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company cut their price objective on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a 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. Truist Financial set a $4.50 price target on shares of Community Health Systems in a research note on Monday, January 5th. Finally, Zacks Research upgraded shares of Community Health Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd.

Community Health Systems Trading Down 5.4%

CYH stock opened at $3.46 on Friday. The firm has a 50 day moving average of $3.28 and a 200-day moving average of $3.23. The firm has a market capitalization of $479.94 million, a P/E ratio of 0.92 and a beta of 2.10. Community Health Systems has a 12 month low of $2.24 and a 12 month high of $4.47.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of ($0.20) by $1.00. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.14 billion. Community Health Systems had a net margin of 4.08% and a negative return on equity of 11.38%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.42) EPS. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Sell-side analysts predict that Community Health Systems will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

Institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. boosted its position in Community Health Systems by 25.9% during the second quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock valued at $24,722,000 after buying an additional 1,494,378 shares during the period. Marshall Wace LLP grew its holdings in shares of Community Health Systems by 276.3% in the fourth quarter. Marshall Wace LLP now owns 1,523,837 shares of the company’s stock worth $4,754,000 after purchasing an additional 1,118,864 shares during the last quarter. Eversept Partners LP increased its stake in shares of Community Health Systems by 14.3% in the fourth quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock worth $24,785,000 after buying an additional 993,751 shares during the period. Bank of America Corp DE boosted its position in Community Health Systems by 112.4% during the 2nd quarter. Bank of America Corp DE now owns 1,872,343 shares of the company’s stock valued at $6,366,000 after buying an additional 991,014 shares during the period. Finally, Aberdeen Group plc grew its holdings in Community Health Systems by 141.2% in the 3rd quarter. Aberdeen Group plc now owns 1,429,780 shares of the company’s stock worth $4,490,000 after acquiring an additional 837,068 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 (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.