Community Health Systems, Inc. (NYSE:CYH) Receives $13.86 Average Price Target from Analysts

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $13.86.

CYH has been the subject of a number of research analyst reports. Credit Suisse Group raised their price target on Community Health Systems from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, July 30th. Seaport Res Ptn reissued a “neutral” rating on shares of Community Health Systems in a research report on Friday, July 9th. Royal Bank of Canada upgraded Community Health Systems from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $12.00 to $21.00 in a research note on Thursday, June 10th. Truist dropped their target price on Community Health Systems from $17.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 23rd. Finally, Barclays boosted their target price on Community Health Systems from $6.00 to $10.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 3rd.

Several institutional investors have recently made changes to their positions in CYH. Kylin Management LLC acquired a new position in shares of Community Health Systems during the second quarter valued at approximately $50,952,000. Diameter Capital Partners LP acquired a new position in shares of Community Health Systems during the first quarter valued at approximately $32,788,000. Eversept Partners LP raised its holdings in shares of Community Health Systems by 18,688.2% during the first quarter. Eversept Partners LP now owns 2,405,834 shares of the company’s stock valued at $32,527,000 after acquiring an additional 2,393,029 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Community Health Systems by 9.9% during the second quarter. BlackRock Inc. now owns 19,326,289 shares of the company’s stock valued at $298,397,000 after acquiring an additional 1,735,139 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Community Health Systems by 174.5% during the second quarter. Principal Financial Group Inc. now owns 2,674,516 shares of the company’s stock valued at $41,294,000 after acquiring an additional 1,700,274 shares during the last quarter.

Shares of CYH stock traded up $0.17 on Friday, reaching $11.30. 3,382 shares of the company’s stock were exchanged, compared to its average volume of 2,152,948. Community Health Systems has a 52 week low of $3.74 and a 52 week high of $17.04. The stock has a market capitalization of $1.49 billion, a PE ratio of 3.63, a P/E/G ratio of 0.82 and a beta of 1.88. The company’s fifty day simple moving average is $12.82 and its 200 day simple moving average is $13.21.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.24. Community Health Systems had a negative return on equity of 12.92% and a net margin of 2.98%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.97 billion. Equities analysts predict that Community Health Systems will post 0.77 EPS for the current year.

Community Health Systems Company Profile

Community Health Systems, Inc engages in the management and operations of hospitals. It operates general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The company was founded in March 1985 and is headquartered in Franklin, TN.

Featured Article: What is Net Asset Value (NAV)?

Analyst Recommendations for Community Health Systems (NYSE:CYH)

Receive News & Ratings for Community Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.