Community Health Systems, Inc. (NYSE:CYH) Stock Has Consensus Price Target of $2.96

Community Health Systems, Inc. (NYSE:CYH) has received an average rating of “Reduce” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two 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 12-month price objective among analysts that have issued a report on the stock in the last year is $2.96.

CYH has been the subject of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Truist Financial cut their price target on shares of Community Health Systems from $3.75 to $3.25 and set a “hold” rating for the company in a report on Monday, July 27th. BMO Capital Markets initiated coverage on shares of Community Health Systems in a research report on Tuesday, September 22nd. They set a “market perform” rating and a $3.00 price target on the stock. Weiss Ratings raised shares of Community Health Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th. Finally, Wall Street Zen cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, July 25th.

Insider Transactions at Community Health Systems

In other Community Health Systems news, Director William Jennings sold 40,000 shares of Community Health Systems stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total value of $118,400.00. Following the sale, the director owned 38,468 shares in the company, valued at $113,865.28. The trade was a 50.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Community Health Systems

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Community Health Systems in the 2nd quarter valued at about $36,508,000. Bank of America Corp DE acquired a new position in Community Health Systems in the second quarter valued at about $5,904,000. Owl Creek Asset Management L.P. lifted its position in Community Health Systems by 65.4% in the first quarter. Owl Creek Asset Management L.P. now owns 2,530,622 shares of the company’s stock valued at $7,440,000 after buying an additional 1,000,862 shares during the last quarter. Carronade Capital Management LP boosted its stake in Community Health Systems by 306.7% during the first quarter. Carronade Capital Management LP now owns 1,321,923 shares of the company’s stock worth $3,886,000 after buying an additional 996,923 shares during the period. Finally, Eversept Partners LP boosted its stake in Community Health Systems by 14.3% during the fourth quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock worth $24,785,000 after buying an additional 993,751 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Trading Down 0.8%

Shares of CYH stock opened at $2.96 on Monday. The company’s 50-day moving average price is $2.91 and its 200-day moving average price is $2.98. The stock has a market cap of $418.09 million, a price-to-earnings ratio of 1.60 and a beta of 1.88. Community Health Systems has a twelve month low of $2.40 and a twelve month high of $4.43.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the company posted ($0.05) EPS. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, equities research analysts predict that Community Health Systems will post -0.86 EPS for the current year.

Community Health Systems Company Profile

Community Health Systems, Inc is a healthcare services company that owns, leases, or operates hospitals and other healthcare facilities, primarily serving communities in non-urban and rural areas of the United States. The company is headquartered in Franklin, Tennessee, and its shares trade on the New York Stock Exchange under the symbol CYH.

CHS-affiliated facilities provide a broad range of services, including emergency care, general and specialty medical treatment, surgery, diagnostic imaging, laboratory services, rehabilitation, behavioral health, and women’s and children’s care.