Community Health Systems, Inc. (NYSE:CYH) Receives Average Rating of "Reduce" from Analysts

Key Points

• Community Health Systems, Inc. has an average analyst rating of "Reduce", with reports from eight analysts indicating two sell ratings, five hold ratings, and one buy rating.
• The company reported (-$0.05) earnings per share, missing consensus estimates by ($0.10), while revenues were $3.13 billion, surpassing estimates of $3.02 billion.
• Community Health Systems' stock is currently trading at $2.91, with a 12-month range of $2.24 to $6.29 and a market capitalization of $407.05 million.

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has earned an average recommendation of "Reduce" from the eight analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.5750.

Several brokerages recently issued reports on CYH. Wells Fargo & Company reduced their target price on shares of Community Health Systems from $3.50 to $2.50 and set an "underweight" rating for the company in a report on Thursday, August 14th. Truist Financial raised their target price 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. UBS Group reduced their target price 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. Royal Bank Of Canada reduced their target price 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. Finally, Barclays cut their price objective 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYH. Raymond James Financial Inc. purchased a new position in Community Health Systems in the fourth quarter valued at $104,000. Dimensional Fund Advisors LP increased its holdings in Community Health Systems by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,038 shares of the company's stock valued at $6,677,000 after buying an additional 244,721 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Community Health Systems by 250.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock valued at $27,000 after purchasing an additional 6,445 shares during the period. Hsbc Holdings PLC grew its position in shares of Community Health Systems by 12.6% in the fourth quarter. Hsbc Holdings PLC now owns 104,411 shares of the company's stock valued at $312,000 after purchasing an additional 11,694 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Community Health Systems by 9.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 109,987 shares of the company's stock valued at $329,000 after purchasing an additional 9,300 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Community Health Systems Trading Up 2.3%

NYSE:CYH opened at $2.91 on Friday. Community Health Systems has a 12 month low of $2.24 and a 12 month high of $6.29. The firm has a fifty day simple moving average of $2.99 and a 200-day simple moving average of $3.08. The company has a market capitalization of $407.05 million, a P/E ratio of -1.95 and a beta of 1.90.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported ($0.05) earnings per share (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 analysts' expectations of $3.02 billion. During the same period in the previous year, the business posted ($0.17) earnings per share. Community Health Systems's revenue was down .2% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. Equities analysts forecast that Community Health Systems will post -0.29 EPS for the current year.

About Community Health Systems

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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