Community Health Systems, Inc. (NYSE:CYH) Stock Has Consensus Target Price of $2.96

Community Health Systems, Inc. (NYSE:CYH) has been assigned an average recommendation of “Reduce” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $2.96.

A number of equities analysts have weighed in on CYH shares. Truist Financial decreased their target price on Community Health Systems from $3.75 to $3.25 and set a “hold” rating on the stock in a research note on Monday, July 27th. Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Royal Bank Of Canada lowered their target price on shares of Community Health Systems from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. UBS Group decreased their price objective on shares of Community Health Systems from $3.20 to $3.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings lowered Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday.

Insider Transactions at Community Health Systems

In other Community Health Systems news, Director William Jennings sold 40,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total value of $118,400.00. Following the sale, the director owned 38,468 shares of the company’s stock, valued at $113,865.28. This trade represents a 50.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CYH. BlackRock Inc. purchased a new stake in Community Health Systems in the 2nd quarter valued at approximately $36,508,000. Helix Partners Management LP purchased a new position in shares of Community Health Systems in the second quarter valued at $1,336,000. Bank of America Corp DE bought a new position in Community Health Systems during the 2nd quarter valued at $5,904,000. Carronade Capital Management LP increased its stake in Community Health Systems by 306.7% during the first quarter. Carronade Capital Management LP now owns 1,321,923 shares of the company’s stock valued at $3,886,000 after purchasing an additional 996,923 shares during the last quarter. Finally, Whitebox Advisors LLC lifted its stake in Community Health Systems by 42.1% in the first quarter. Whitebox Advisors LLC now owns 3,127,884 shares of the company’s stock valued at $9,196,000 after buying an additional 926,364 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Price Performance

CYH opened at $2.88 on Monday. The firm has a market capitalization of $406.81 million, a price-to-earnings ratio of 1.56 and a beta of 1.88. The company’s 50 day moving average price is $2.91 and its two-hundred day moving average price is $2.98. Community Health Systems has a fifty-two week low of $2.40 and a fifty-two week high of $4.43.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share (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 company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the company earned ($0.05) earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, equities research analysts predict that Community Health Systems will post -0.86 EPS for the current year.

About Community Health Systems

Community Health Systems, Inc is a healthcare services company that owns, leases, or operates hospitals and other healthcare facilities, primarily serving communities in non-urban and rural areas of the United States. The company is headquartered in Franklin, Tennessee, and its shares trade on the New York Stock Exchange under the symbol CYH.

CHS-affiliated facilities provide a broad range of services, including emergency care, general and specialty medical treatment, surgery, diagnostic imaging, laboratory services, rehabilitation, behavioral health, and women’s and children’s care.