Brokerages Set Community Health Systems, Inc. (NYSE:CYH) PT at $4.77

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.77.

A number of equities analysts have recently weighed in on CYH shares. Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $5.00 to $2.50 in a research report on Monday, November 25th. Truist Financial dropped their target price on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Barclays boosted their price target on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, StockNews.com lowered Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Signaturefd LLC bought a new stake in shares of Community Health Systems during the 3rd quarter worth approximately $33,000. nVerses Capital LLC bought a new stake in Community Health Systems during the second quarter worth $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of Community Health Systems in the 2nd quarter valued at about $33,000. CWM LLC increased its stake in shares of Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after purchasing an additional 2,961 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Community Health Systems in the 2nd quarter valued at about $45,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Price Performance

NYSE:CYH opened at $3.07 on Tuesday. The stock’s fifty day simple moving average is $3.62 and its 200-day simple moving average is $4.43. The firm has a market capitalization of $426.57 million, a P/E ratio of -1.02 and a beta of 1.55. Community Health Systems has a 12-month low of $2.51 and a 12-month high of $6.29.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.33) EPS. As a group, equities research analysts expect that Community Health Systems will post -0.56 earnings per share for the current year.

Community Health Systems Company Profile

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.