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

Shares of Community Health Systems, Inc. (NYSE:CYH) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.6167.

CYH has been the subject of several research analyst reports. Truist Financial set a $4.50 price objective on shares of Community Health Systems in a research report on Monday, January 5th. Wells Fargo & Company decreased their price target on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings downgraded Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 19th. Zacks Research raised Community Health Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, UBS Group lifted their target price on Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a research report on Friday, February 20th.

Institutional Trading of Community Health Systems

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Community Health Systems by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock worth $202,000 after acquiring an additional 3,204 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Community Health Systems by 16.1% during the third quarter. Raymond James Financial Inc. now owns 37,582 shares of the company’s stock valued at $121,000 after purchasing an additional 5,202 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Community Health Systems by 67.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,269 shares of the company’s stock worth $54,000 after purchasing an additional 6,971 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Community Health Systems by 3.8% in the second quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock valued at $702,000 after buying an additional 7,549 shares during the period. Finally, Royal Bank of Canada raised its holdings in Community Health Systems by 601.9% in the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after buying an additional 7,963 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Up 0.9%

CYH opened at $2.95 on Thursday. The stock has a market capitalization of $408.27 million, a price-to-earnings ratio of 0.78 and a beta of 2.10. Community Health Systems has a twelve month low of $2.24 and a twelve month high of $4.47. The company has a 50-day simple moving average of $3.27 and a 200 day simple moving average of $3.28.

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.