Community Health Systems, Inc. (NYSE:CYH) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Community Health Systems, Inc. has received a consensus rating of "Reduce" from eight analysts, with two sell ratings, five hold ratings, and one buy rating.
• Analysts have lowered price targets for the stock, with the average target now at $3.5750, while Royal Bank of Canada set a new target of $5.00.
• The company's recent earnings show a loss of ($0.05) EPS, missing estimates, despite revenue of $3.13 billion, which was above analyst expectations.

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) have received a consensus rating of "Reduce" from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $3.5750.

Several analysts recently commented on the stock. Royal Bank Of Canada decreased their price target 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. UBS Group decreased 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. Truist Financial raised their price target on shares of Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Barclays decreased their price target on shares of Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $3.00 target price (down from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th.

Institutional Trading of Community Health Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. lifted its stake in Community Health Systems by 25.9% in the second quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company's stock valued at $24,722,000 after acquiring an additional 1,494,378 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Community Health Systems in the second quarter valued at approximately $128,000. Sender Co & Partners Inc. acquired a new stake in Community Health Systems in the second quarter valued at approximately $59,000. Owl Creek Asset Management L.P. lifted its stake in shares of Community Health Systems by 26.4% in the second quarter. Owl Creek Asset Management L.P. now owns 1,863,221 shares of the company's stock worth $6,335,000 after buying an additional 388,826 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Community Health Systems during the 2nd quarter worth $202,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Price Performance

Community Health Systems stock opened at $3.13 on Thursday. The firm's 50 day simple moving average is $2.81 and its 200-day simple moving average is $3.07. The company has a market cap of $437.88 million, a P/E ratio of -2.10 and a beta of 1.88. Community Health Systems has a fifty-two week low of $2.24 and a fifty-two week high of $6.11.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.05) 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 business'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) EPS. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. On average, analysts expect that Community Health Systems will post -0.29 EPS for the current fiscal 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.

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