Community Health Systems (NYSE:CYH) Raised to Hold at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Community Health Systems to “Hold”, while the broader analyst consensus remains “Reduce,” with one Buy, five Hold, and two Sell ratings and an average price target of $2.96.
• CYH shares opened at $3.02, near their 50-day and 200-day moving averages, but remain well below the 12-month high of $4.43.
• The company’s latest quarterly results missed expectations, reporting a $0.19 per-share loss and $2.83 billion in revenue, down 9.8% year over year; analysts forecast a full-year loss of $0.86 per share.

Community Health Systems (NYSE:CYH - Get Free Report) was upgraded by stock analysts at BMO Capital Markets to a "hold" rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research firms also recently issued reports on CYH. Truist Financial dropped their price objective on shares of Community Health Systems from $3.75 to $3.25 and set a "hold" rating on the stock in a research note on Monday, July 27th. Weiss Ratings raised Community Health Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, September 16th. Barclays cut their price target on Community Health Systems from $3.00 to $2.50 and set an "underweight" rating on the stock in a report on Thursday, July 23rd. UBS Group reduced their price target on Community Health Systems from $3.20 to $3.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Finally, Wall Street Zen downgraded Community Health Systems from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Community Health Systems presently has an average rating of "Reduce" and an average price target of $2.96.

Community Health Systems Trading Down 0.1%

Shares of Community Health Systems stock opened at $3.02 on Tuesday. The stock's fifty day moving average price is $2.94 and its 200-day moving average price is $3.01. The firm has a market cap of $425.42 million, a P/E ratio of 1.63 and a beta of 1.86. Community Health Systems has a 12 month low of $2.40 and a 12 month high of $4.43.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.09). Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The firm's revenue was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250--1.100 EPS. Analysts forecast that Community Health Systems will post -0.86 earnings per share for the current year.

Insider Activity at Community Health Systems

In other news, Director William Jennings sold 40,000 shares of the firm's 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 completion of the sale, the director owned 38,468 shares of the company's stock, valued at $113,865.28. This trade represents a 50.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.10% of the company's stock.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Community Health Systems during the first quarter worth $40,000. Legal & General Group Plc purchased a new position in Community Health Systems in the 2nd quarter worth $45,000. Sequoia Financial Advisors LLC acquired a new stake in Community Health Systems during the 2nd quarter worth about $64,000. Pallas Capital Advisors LLC purchased a new stake in Community Health Systems during the 2nd quarter valued at about $74,000. Finally, Callan Family Office LLC acquired a new position in shares of Community Health Systems in the second quarter valued at about $96,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Community Health Systems Company Profile

Community Health Systems, Inc NYSE: CYH is a healthcare services company that owns, leases, or operates general acute-care hospitals and related healthcare facilities in communities across the United States. The company focuses primarily on serving non-urban and rural markets, providing access to hospital-based and outpatient care.

Its services generally include emergency care, inpatient and outpatient surgery, diagnostic imaging, laboratory services, cardiology, orthopedics, women's health, rehabilitation, behavioral health, and other medical services.

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