Zacks Research Upgrades Community Health Systems (NYSE:CYH) to Strong-Buy

Community Health Systems (NYSE:CYH) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on CYH. Wells Fargo & Company cut their price target on shares of 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. Truist Financial set a $4.50 target price on shares of Community Health Systems in a research note on Monday, January 5th. Wall Street Zen downgraded Community Health Systems from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. UBS Group raised their price objective on Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a research report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Community Health Systems in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.62.

Community Health Systems Stock Performance

Shares of NYSE CYH opened at $3.50 on Monday. The stock has a 50 day moving average price of $3.26 and a 200 day moving average price of $3.21. The stock has a market capitalization of $484.51 million, a PE ratio of 0.93 and a beta of 2.10. Community Health Systems has a 52 week low of $2.24 and a 52 week high of $4.47.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $1.00. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Community Health Systems had a negative return on equity of 11.38% and a net margin of 4.08%.The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.42) EPS. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. As a group, research analysts forecast that Community Health Systems will post -0.29 EPS for the current year.

Institutional Trading of Community Health Systems

Hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Community Health Systems by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock valued at $202,000 after purchasing an additional 3,204 shares during the period. Raymond James Financial Inc. boosted its position in shares of Community Health Systems by 16.1% in the third quarter. Raymond James Financial Inc. now owns 37,582 shares of the company’s stock valued at $121,000 after acquiring an additional 5,202 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Community Health Systems by 4.7% in the second quarter. Los Angeles Capital Management LLC now owns 120,417 shares of the company’s stock valued at $409,000 after acquiring an additional 5,395 shares in the last quarter. CWM LLC increased its position in Community Health Systems by 133.1% during the second quarter. CWM LLC now owns 10,974 shares of the company’s stock worth $37,000 after acquiring an additional 6,266 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Community Health Systems by 67.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,269 shares of the company’s stock worth $54,000 after purchasing an additional 6,971 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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.