Community Health Systems (NYSE:CYH – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.600-0.000 for the period, compared to the consensus estimate of -0.420. The company issued revenue guidance of $11.6 billion-$12.0 billion, compared to the consensus revenue estimate of $12.8 billion.
Community Health Systems Stock Down 2.5%
Shares of NYSE:CYH traded down $0.09 during midday trading on Wednesday, hitting $3.36. 1,759,911 shares of the stock traded hands, compared to its average volume of 1,686,920. The stock has a market capitalization of $464.73 million, a PE ratio of 1.39 and a beta of 2.10. Community Health Systems has a one year low of $2.24 and a one year high of $4.47. The business’s 50 day moving average is $3.24 and its two-hundred day moving average is $3.18.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Wall Street Zen cut shares of 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 research report on Monday, January 5th. UBS Group boosted their price target 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Community Health Systems in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.60.
Hedge Funds Weigh In On Community Health Systems
Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Community Health Systems by 601.9% in the fourth quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after purchasing an additional 7,963 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Community Health Systems during the 4th quarter valued at $34,000. Quarry LP bought a new stake in shares of Community Health Systems in the third quarter worth $39,000. CIBC Bancorp USA Inc. purchased a new stake in Community Health Systems during the third quarter valued at $44,000. Finally, Oxford Asset Management LLP bought a new position in Community Health Systems in the fourth quarter valued at about $45,000. 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.
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