Analysts Set Community Health Systems, Inc. (NYSE:CYH) Target Price at $4.20

Community Health Systems, Inc. (NYSE:CYH) has earned an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $4.05.

A number of research analysts have commented on CYH shares. Barclays assumed coverage on shares of Community Health Systems in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 target price on the stock. Truist Financial increased their price target on Community Health Systems from $3.25 to $3.75 and gave the company a “hold” rating in a research note on Friday. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer cut their price target on shares of Community Health Systems from $5.50 to $4.50 and set an “outperform” rating on the stock in a report on Thursday.

Community Health Systems Stock Up 4.3 %

Shares of CYH stock opened at $3.39 on Thursday. The stock has a market cap of $471.14 million, a P/E ratio of -3.57 and a beta of 1.52. Community Health Systems has a 52 week low of $2.01 and a 52 week high of $6.53. The company’s fifty day simple moving average is $3.06 and its two-hundred day simple moving average is $3.06.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, April 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. Community Health Systems had a negative net margin of 0.99% and a negative return on equity of 5.51%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned ($0.43) EPS. The business’s revenue was up 1.0% on a year-over-year basis. On average, analysts anticipate that Community Health Systems will post -0.45 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Graham Capital Management L.P. increased its position in shares of Community Health Systems by 315.5% during the third quarter. Graham Capital Management L.P. now owns 113,454 shares of the company’s stock worth $329,000 after purchasing an additional 86,148 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Community Health Systems by 5.1% in the third quarter. Hsbc Holdings PLC now owns 86,774 shares of the company’s stock valued at $252,000 after acquiring an additional 4,246 shares during the period. Bison Wealth LLC purchased a new position in shares of Community Health Systems during the fourth quarter worth approximately $63,000. Charles Schwab Investment Management Inc. raised its position in Community Health Systems by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,881,996 shares of the company’s stock valued at $14,158,000 after purchasing an additional 480,481 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Community Health Systems by 20.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 1,715,268 shares of the company’s stock worth $4,974,000 after purchasing an additional 292,351 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.