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

Shares of Community Health Systems, Inc. (NYSE:CYH) have received a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $3.60.

CYH has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research note on Wednesday, January 7th. UBS Group boosted their target price on shares of 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 downgraded shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Community Health Systems in a research report on Monday, December 29th. Finally, Truist Financial set a $4.50 price objective on Community Health Systems in a research note on Monday, January 5th.

Community Health Systems Price Performance

CYH stock opened at $3.16 on Wednesday. Community Health Systems has a 1 year low of $2.24 and a 1 year high of $4.47. The company has a market cap of $437.72 million, a P/E ratio of 1.31 and a beta of 2.10. The stock’s fifty day moving average price is $3.25 and its 200-day moving average price is $3.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CYH. Nomura Holdings Inc. lifted its holdings in shares of Community Health Systems by 25.9% in the second quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock worth $24,722,000 after buying an additional 1,494,378 shares in the last quarter. Bank of America Corp DE increased its holdings in Community Health Systems by 112.4% in the 2nd quarter. Bank of America Corp DE now owns 1,872,343 shares of the company’s stock valued at $6,366,000 after acquiring an additional 991,014 shares during the last quarter. Aberdeen Group plc lifted its stake in Community Health Systems by 141.2% in the 3rd quarter. Aberdeen Group plc now owns 1,429,780 shares of the company’s stock worth $4,490,000 after purchasing an additional 837,068 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Community Health Systems by 57.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,577,138 shares of the company’s stock valued at $4,921,000 after purchasing an additional 577,979 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Community Health Systems by 1,073.2% during the second quarter. Canada Pension Plan Investment Board now owns 476,300 shares of the company’s stock valued at $1,619,000 after purchasing an additional 435,700 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

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.