Community Health Systems (NYSE:CYH) Stock Rating Upgraded by Wall Street Zen

Key Points

• Community Health Systems (NYSE:CYH) received an upgrade from a "hold" to a "buy" rating by analysts at Wall Street Zen as of a recent report.
• Despite the upgrade, other analysts have varied opinions, with Jefferies Financial Group lowering their price target to $3.00 and Weiss Ratings maintaining a "sell" stance.
• The company reported a significant earnings per share of $1.27 for the last quarter, surpassing expectations and indicating a firm financial performance against a backdrop of previous losses.

Community Health Systems (NYSE:CYH - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

A number of other analysts have also issued reports on CYH. Jefferies Financial Group reissued a "hold" rating and issued a $3.00 price target (down from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. Truist Financial boosted their price objective on Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Community Health Systems in a research note on Friday. Barclays dropped their price objective on Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Finally, Wells Fargo & Company increased their price target on shares of Community Health Systems from $2.50 to $3.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $3.66.

Community Health Systems Price Performance

Shares of Community Health Systems stock opened at $4.11 on Friday. The business has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.13. The company has a market capitalization of $575.19 million, a P/E ratio of 1.70 and a beta of 1.88. Community Health Systems has a 1 year low of $2.24 and a 1 year high of $4.64.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $1.57. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3 billion. Community Health Systems had a negative return on equity of 6.55% and a net margin of 2.60%.The business's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.30) earnings per share. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. As a group, research analysts expect that Community Health Systems will post -0.29 EPS 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 company. Teacher Retirement System of Texas bought a new stake in Community Health Systems in the first quarter worth about $1,021,000. Strs Ohio acquired a new position in Community Health Systems during the first quarter worth $289,000. Cubist Systematic Strategies LLC acquired a new stake in Community Health Systems in the 1st quarter worth approximately $695,000. Kapitalo Investimentos Ltda bought a new stake in shares of Community Health Systems during the 2nd quarter worth $41,000. Finally, Russell Investments Group Ltd. boosted its holdings in Community Health Systems by 29.1% during the first quarter. Russell Investments Group Ltd. now owns 209,043 shares of the company's stock valued at $564,000 after acquiring an additional 47,067 shares during the period. Institutional investors own 84.99% of the company's stock.

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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