Brokerages Set Community Health Systems, Inc. (NYSE:CYH) Target Price at $3.58

Community Health Systems, Inc. (NYSE:CYH) has received a consensus recommendation of “Reduce” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.5750.

CYH has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on shares of Community Health Systems from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Jefferies Financial Group reaffirmed a “hold” rating and set a $3.00 price objective (down from $4.25) on shares of Community Health Systems in a report on Thursday, July 24th. Barclays cut their price objective on shares of Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating for the company in a report on Thursday, July 24th. Wells Fargo & Company cut their price objective on shares of Community Health Systems from $3.50 to $2.50 and set an “underweight” rating for the company in a report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Community Health Systems in a report on Saturday, September 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. grew its holdings in shares of Community Health Systems by 25.9% in the second quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock valued at $24,722,000 after purchasing an additional 1,494,378 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Community Health Systems in the second quarter valued at $128,000. Sender Co & Partners Inc. purchased a new position in shares of Community Health Systems in the second quarter valued at $59,000. Owl Creek Asset Management L.P. grew its holdings in shares of Community Health Systems by 26.4% in the second quarter. Owl Creek Asset Management L.P. now owns 1,863,221 shares of the company’s stock valued at $6,335,000 after purchasing an additional 388,826 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Community Health Systems in the second quarter valued at $202,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Trading Down 1.0%

NYSE CYH opened at $3.09 on Thursday. Community Health Systems has a 12 month low of $2.24 and a 12 month high of $6.11. The stock has a market cap of $432.97 million, a price-to-earnings ratio of -2.07 and a beta of 1.88. The company’s 50 day moving average is $2.83 and its two-hundred day moving average is $3.08.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, July 23rd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the firm posted ($0.17) EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at -0.400–0.100 EPS. Sell-side analysts forecast that Community Health Systems will post -0.29 EPS for the current year.

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.