Analysts Set Community Health Systems, Inc. (NYSE:CYH) Price Target at $3.74

Key Points

• Community Health Systems has received a consensus rating of "Reduce" from eight brokerages, with two sell recommendations, five holds, and one buy.
• The company reported an EPS of ($0.05) for the last quarter, falling short of the consensus estimate by ($0.10), while revenues amounted to $3.13 billion.
• Community Health Systems stock is trading at $2.56, with a market cap of $358.01 million and a 12-month price range of $2.24 to $6.29.

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

CYH has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company lowered their price objective on shares of Community Health Systems from $3.50 to $2.50 and set an "underweight" rating on the stock in a research report on Thursday. Truist Financial boosted their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Jefferies Financial Group reaffirmed a "hold" rating and set a $3.00 price objective (down from $4.25) on shares of Community Health Systems in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada lowered their price objective on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th.

Institutional Trading of Community Health Systems

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in 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 acquiring an additional 6,445 shares during the last quarter. R Squared Ltd lifted its stake in shares of Community Health Systems by 71.6% in the first quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after buying an additional 4,570 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems in the fourth quarter worth $33,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Community Health Systems in the first quarter worth $36,000. Finally, CWM LLC lifted its stake in shares of Community Health Systems by 133.1% in the second quarter. CWM LLC now owns 10,974 shares of the company's stock worth $37,000 after buying an additional 6,266 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Stock Down 1.3%

Shares of Community Health Systems stock traded down $0.04 during trading on Wednesday, hitting $2.74. The stock had a trading volume of 1,327,696 shares, compared to its average volume of 4,389,820. The stock has a 50 day simple moving average of $3.18 and a 200 day simple moving average of $3.15. The company has a market capitalization of $383.23 million, a PE ratio of -1.84 and a beta of 1.86. Community Health Systems has a 1 year low of $2.24 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.10). The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.02 billion. Community Health Systems's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.17) earnings per share. As a group, equities analysts expect that Community Health Systems will post -0.29 earnings per share for the current fiscal 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.