Community Health Systems (NYSE:CYH) Receives Underweight Rating from Barclays

Community Health Systems (NYSE:CYH)‘s stock had its “underweight” rating reiterated by equities research analysts at Barclays in a report issued on Wednesday, Marketbeat.com reports. They presently have a $3.00 price target on the stock. Barclays‘s price objective indicates a potential downside of 21.22% from the company’s previous close.

Several other equities research analysts have also recently commented on CYH. Truist Financial cut their price target on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Zacks Research downgraded Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Community Health Systems has a consensus rating of “Reduce” and a consensus price target of $3.28.

Community Health Systems Stock Performance

Shares of Community Health Systems stock opened at $3.81 on Wednesday. The firm has a market cap of $536.62 million, a PE ratio of 1.11 and a beta of 1.81. The business’s 50 day simple moving average is $3.01 and its 200 day simple moving average is $3.13. Community Health Systems has a 52-week low of $2.38 and a 52-week high of $4.43.

Community Health Systems (NYSE:CYH) last announced 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 business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.89 billion. Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. As a group, equities research analysts predict that Community Health Systems will post -0.58 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Community Health Systems by 601.9% in the fourth quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after buying an additional 7,963 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Community Health Systems in the 4th quarter valued at $34,000. Wealthcare Advisory Partners LLC acquired a new stake in Community Health Systems during the 4th quarter valued at $35,000. Quarry LP bought a new position in Community Health Systems during the third quarter worth $39,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Community Health Systems in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.