Community Health Systems, Inc. (NYSE:CYH) Receives $2.95 Average Target Price from Analysts

Community Health Systems, Inc. (NYSE:CYH) has been given an average rating of “Reduce” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $2.95.

A number of brokerages have recently commented on CYH. UBS Group cut their price target on shares of Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Barclays lowered their target price on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Thursday, July 23rd. Wall Street Zen lowered Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Truist Financial decreased their price target on Community Health Systems from $3.75 to $3.25 and set a “hold” rating for the company in a research note on Monday, July 27th. Finally, Royal Bank Of Canada lowered their price objective on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Monday, July 27th.

Insiders Place Their Bets

In other news, Director William Norris Jennings sold 40,000 shares of Community Health Systems stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total value of $118,400.00. Following the completion of the sale, the director owned 38,468 shares in the company, valued at $113,865.28. The trade was a 50.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.10% of the company’s stock.

Institutional Trading of Community Health Systems

Several hedge funds have recently bought and sold shares of the business. Readystate Asset Management LP boosted its position in shares of Community Health Systems by 37.3% during the second quarter. Readystate Asset Management LP now owns 496,326 shares of the company’s stock valued at $1,658,000 after buying an additional 134,829 shares during the last quarter. Apollo Management Holdings L.P. raised its position in Community Health Systems by 3.2% in the 2nd quarter. Apollo Management Holdings L.P. now owns 11,859,526 shares of the company’s stock valued at $39,611,000 after buying an additional 370,210 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Community Health Systems during the 2nd quarter valued at $2,481,000. Public Employees Retirement System of Ohio purchased a new position in Community Health Systems during the 2nd quarter worth $129,000. Finally, Bank of America Corp DE bought a new stake in shares of Community Health Systems in the 2nd quarter worth $5,904,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Price Performance

Community Health Systems stock opened at $2.96 on Friday. The business has a 50 day moving average of $3.14 and a 200-day moving average of $3.08. Community Health Systems has a 1 year low of $2.40 and a 1 year high of $4.43. The company has a market capitalization of $418.09 million, a P/E ratio of 1.60 and a beta of 1.84.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, July 22nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.09). Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. Equities analysts anticipate that Community Health Systems will post -0.86 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.