Brokerages Set Community Health Systems, Inc. (NYSE:CYH) PT at $3.28

Community Health Systems, Inc. (NYSE:CYH) has been given an average recommendation of “Reduce” by the eight ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $3.2833.

Several equities analysts recently issued reports on CYH shares. UBS Group lifted their price target on shares of Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a report on Friday, February 20th. Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Barclays dropped their target price on shares of Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Zacks Research downgraded shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Truist Financial dropped their target price on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd.

Community Health Systems Stock Down 1.1%

Shares of CYH stock opened at $3.09 on Tuesday. Community Health Systems has a 12-month low of $2.38 and a 12-month high of $4.43. The company has a market capitalization of $434.74 million, a P/E ratio of 0.90 and a beta of 1.86. The firm has a 50-day moving average price of $2.90 and a 200 day moving average price of $3.13.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.30). Community Health Systems had a net margin of 3.78% and a negative return on equity of 7.62%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. As a group, research analysts expect that Community Health Systems will post -0.58 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors have recently modified their holdings of CYH. Royal Bank of Canada raised its stake in shares of 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 acquiring an additional 7,963 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Community Health Systems in the third quarter worth about $32,000. Lazard Asset Management LLC bought a new position in shares of Community Health Systems in the fourth quarter worth about $34,000. Wealthcare Advisory Partners LLC bought a new position in shares of Community Health Systems in the fourth quarter worth about $35,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Community Health Systems in the fourth quarter worth about $39,000. 84.99% of the stock is owned by institutional investors.

About Community Health Systems

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.