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

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.

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has been assigned an average recommendation of "Reduce" from the eight analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.5750.

A number of research analysts have issued reports on the company. Royal Bank Of Canada cut their price objective on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Truist Financial raised their target price on Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research note on Wednesday, July 16th. UBS Group lowered their target price on Community Health Systems from $3.50 to $3.20 and set a "neutral" rating for the company in a research note on Friday, July 25th. Jefferies Financial Group restated 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. Finally, Wells Fargo & Company lowered their target price on Community Health Systems from $3.50 to $2.50 and set an "underweight" rating for the company in a research note on Thursday.

Community Health Systems Price Performance

CYH stock remained flat at $2.73 during midday trading on Wednesday. The company had a trading volume of 1,669,747 shares, compared to its average volume of 4,331,467. The firm has a market capitalization of $382.53 million, a price-to-earnings ratio of -1.83 and a beta of 1.86. The stock's 50 day simple moving average is $3.16 and its 200-day simple moving average is $3.14. Community Health Systems has a 52-week low of $2.24 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.02 billion. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.17) earnings per share. Equities analysts forecast that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new stake in Community Health Systems in the first quarter worth about $1,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Community Health Systems by 6.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company's stock worth $921,000 after purchasing an additional 18,612 shares during the period. Geode Capital Management LLC grew its position in shares of Community Health Systems by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock worth $8,402,000 after buying an additional 9,772 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after buying an additional 6,445 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Community Health Systems by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 35,353 shares of the company's stock worth $106,000 after buying an additional 11,632 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.