Brokerages Set Community Health Systems, Inc. (NYSE:CYH) Target Price at $3.60

Shares of Community Health Systems, Inc. (NYSE:CYH) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $3.60.

Several research firms have recently weighed in on CYH. UBS Group raised their target price on Community Health Systems from $3.20 to $3.60 and gave the company a “neutral” rating in a research report on Monday, October 27th. Wall Street Zen lowered Community Health Systems from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Truist Financial set a $4.50 target price on shares of Community Health Systems in a report on Monday, January 5th. Wells Fargo & Company reduced their target price on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Community Health Systems in a research report on Monday, December 29th.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently made changes to their positions in CYH. SG Americas Securities LLC boosted its stake in Community Health Systems by 81.3% during the fourth quarter. SG Americas Securities LLC now owns 35,157 shares of the company’s stock worth $110,000 after buying an additional 15,767 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Community Health Systems by 53.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,110,655 shares of the company’s stock worth $3,465,000 after acquiring an additional 388,116 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Community Health Systems by 67.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,269 shares of the company’s stock valued at $54,000 after acquiring an additional 6,971 shares during the last quarter. GK Wealth Management LLC acquired a new stake in Community Health Systems during the fourth quarter worth about $41,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Community Health Systems during the third quarter worth about $44,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Up 1.4%

CYH opened at $3.37 on Friday. The firm’s fifty day simple moving average is $3.33 and its two-hundred day simple moving average is $3.19. Community Health Systems has a 52-week low of $2.24 and a 52-week high of $4.47. The company has a market cap of $466.12 million, a price-to-earnings ratio of 1.39 and a beta of 2.04.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of ($0.30) by $1.57. Community Health Systems had a net margin of 2.60% and a negative return on equity of 6.90%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm earned ($0.30) EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. On average, research analysts forecast that Community Health Systems will post -0.29 EPS for the current year.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.