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

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned a consensus recommendation of “Reduce” from the eight analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $3.5750.

CYH has been the subject of a number of research reports. Jefferies Financial Group reissued a “hold” rating and issued a $3.00 price target (down from $4.25) on shares of Community Health Systems in a report on Thursday, July 24th. UBS Group reduced their price target on shares of Community Health Systems from $3.50 to $3.20 and set a “neutral” rating for the company in a report on Friday, July 25th. Wells Fargo & Company reduced their price target 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. Royal Bank Of Canada reduced their price objective on shares of Community Health Systems from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Friday, July 25th. Finally, Barclays dropped their target price on shares of Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating for the company in a research report on Thursday, July 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CYH. Teacher Retirement System of Texas acquired a new stake in shares of Community Health Systems in the first quarter valued at approximately $1,021,000. Russell Investments Group Ltd. increased its holdings in shares of Community Health Systems by 29.1% in the first quarter. Russell Investments Group Ltd. now owns 209,043 shares of the company’s stock valued at $564,000 after purchasing an additional 47,067 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Community Health Systems by 6.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company’s stock valued at $921,000 after purchasing an additional 18,612 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Community Health Systems by 9.8% in the first quarter. Hsbc Holdings PLC now owns 114,595 shares of the company’s stock valued at $309,000 after acquiring an additional 10,184 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Community Health Systems by 250.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after acquiring an additional 6,445 shares during the period. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Trading Down 2.2%

NYSE CYH opened at $2.94 on Friday. The company has a fifty day simple moving average of $2.95 and a 200 day simple moving average of $3.05. The company has a market cap of $411.25 million, a P/E ratio of -1.97 and a beta of 1.90. Community Health Systems has a 1 year low of $2.24 and a 1 year high of $6.29.

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