Free Trial

Community Health Systems (NYSE:CYH) Receives "Hold" Rating from Jefferies Financial Group

Community Health Systems logo with Medical background

Community Health Systems (NYSE:CYH - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Jefferies Financial Group in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a $3.00 price target on the stock, down from their previous price target of $4.25. Jefferies Financial Group's target price would suggest a potential upside of 8.50% from the company's current price.

Several other equities analysts also recently weighed in on CYH. Wells Fargo & Company restated an "underweight" rating and issued a $3.50 target price (up previously from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Guggenheim assumed coverage on Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating on the stock. Finally, Truist Financial lifted their price objective on Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.92.

View Our Latest Research Report on Community Health Systems

Community Health Systems Trading Down 4.7%

CYH traded down $0.14 during trading on Thursday, hitting $2.77. The company's stock had a trading volume of 7,086,531 shares, compared to its average volume of 3,258,186. Community Health Systems has a twelve month low of $2.24 and a twelve month high of $6.29. The business's fifty day simple moving average is $3.55 and its 200 day simple moving average is $3.20. The firm has a market capitalization of $387.96 million, a price-to-earnings ratio of -1.86 and a beta of 2.06.

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 during the quarter, compared to analyst estimates of $3.02 billion. Community Health Systems's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.17) EPS. As a group, equities research analysts forecast that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas acquired a new stake in Community Health Systems during the first quarter worth $1,021,000. Vanguard Group Inc. increased its stake in Community Health Systems by 12.3% during the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company's stock worth $33,490,000 after acquiring an additional 1,229,039 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Community Health Systems by 6.4% during 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 acquiring an additional 18,612 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Community Health Systems by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock valued at $8,402,000 after buying an additional 9,772 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake 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 buying an additional 6,445 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Community Health Systems Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Community Health Systems (NYSE:CYH)

Should You Invest $1,000 in Community Health Systems Right Now?

Before you consider Community Health Systems, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Community Health Systems wasn't on the list.

While Community Health Systems currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest in Today: Capitalizing on AI and Tech Trends in 2025 Cover

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines