Community Health Systems, Inc. (NYSE:CYH) received a $7.00 price target from analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Sunday. The brokerage presently has a “hold” rating on the stock. SunTrust Banks, Inc.’s target price would suggest a potential upside of 18.64% from the company’s previous close.

Several other equities analysts have also recently issued reports on CYH. Zacks Investment Research cut Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Thursday, October 12th. Piper Jaffray Companies reiterated a “sell” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Friday. Finally, Deutsche Bank AG cut their target price on Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.52.

Community Health Systems (NYSE:CYH) opened at 5.90 on Friday. Community Health Systems has a one year low of $4.15 and a one year high of $10.67. The firm’s market capitalization is $677.08 million. The stock has a 50 day moving average of $7.25 and a 200-day moving average of $8.36.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.31). Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, equities analysts predict that Community Health Systems will post ($0.37) EPS for the current year.

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In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $7.27 per share, with a total value of $71,005,341.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.70% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Community Health Systems by 38,765.3% during the first quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock worth $130,263,000 after acquiring an additional 14,647,864 shares during the period. Vanguard Group Inc. grew its holdings in Community Health Systems by 4.3% during the second quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock worth $103,361,000 after acquiring an additional 424,006 shares during the period. Dimensional Fund Advisors LP grew its holdings in Community Health Systems by 131.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,957,164 shares of the company’s stock worth $49,374,000 after acquiring an additional 2,819,955 shares during the period. State Street Corp grew its holdings in Community Health Systems by 0.8% during the first quarter. State Street Corp now owns 3,292,332 shares of the company’s stock worth $29,203,000 after acquiring an additional 25,290 shares during the period. Finally, Royce & Associates LP grew its holdings in Community Health Systems by 3.4% during the second quarter. Royce & Associates LP now owns 2,255,795 shares of the company’s stock worth $22,468,000 after acquiring an additional 74,300 shares during the period. 94.69% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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