Community Health Systems, Inc. (NYSE:CYH) Receives $3.28 Average Price Target from Analysts

Community Health Systems, Inc. (NYSE:CYH) has earned a consensus rating of “Reduce” from the eight analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $3.2833.

CYH has been the subject of several recent analyst reports. Barclays downgraded Community Health Systems from an “equal weight” rating to an “underweight” rating and set a $3.00 price target for the company. in a report on Wednesday. Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Truist Financial dropped their target price on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th.

Community Health Systems Price Performance

Shares of NYSE CYH traded down $0.14 during midday trading on Friday, reaching $3.56. 840,717 shares of the stock were exchanged, compared to its average volume of 1,491,431. Community Health Systems has a 12 month low of $2.38 and a 12 month high of $4.43. The company has a market capitalization of $502.38 million, a price-to-earnings ratio of 1.04 and a beta of 1.81. The business has a 50-day simple moving average of $3.05 and a two-hundred day simple moving average of $3.14.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, April 21st. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.89 billion. Community Health Systems had a net margin of 3.78% and a negative return on equity of 7.62%. Community Health Systems’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Equities research analysts expect that Community Health Systems will post -0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds have recently made changes to their positions in CYH. Assenagon Asset Management S.A. boosted its holdings in Community Health Systems by 53.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,110,655 shares of the company’s stock worth $3,465,000 after purchasing an additional 388,116 shares during the last quarter. Aberdeen Group plc boosted its stake in shares of Community Health Systems by 23.9% during the 4th quarter. Aberdeen Group plc now owns 1,772,139 shares of the company’s stock worth $5,529,000 after buying an additional 342,359 shares during the last quarter. Eversept Partners LP grew its holdings in shares of Community Health Systems by 14.3% in the 4th quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock valued at $24,785,000 after acquiring an additional 993,751 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Community Health Systems during the 4th quarter worth approximately $35,000. Finally, GK Wealth Management LLC acquired a new position in Community Health Systems during the fourth quarter worth $41,000. 84.99% of the stock is owned by institutional investors.

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.