Zacks Research Upgrades Community Health Systems (NYSE:CYH) to “Strong-Buy”

Community Health Systems (NYSE:CYH) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also recently commented on CYH. UBS Group lifted their target price on Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial set a $4.50 price objective on Community Health Systems in a research note on Monday, January 5th. Wall Street Zen lowered shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Wells Fargo & Company cut their target price on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. Finally, Weiss Ratings reissued 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 Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Community Health Systems presently has a consensus rating of “Hold” and a consensus target price of $3.62.

Community Health Systems Trading Up 5.0%

Shares of NYSE:CYH opened at $3.50 on Monday. The firm has a 50 day simple moving average of $3.26 and a 200-day simple moving average of $3.21. Community Health Systems has a twelve month low of $2.24 and a twelve month high of $4.47. The company has a market capitalization of $484.51 million, a PE ratio of 0.93 and a beta of 2.10.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of ($0.20) by $1.00. Community Health Systems had a net margin of 4.08% and a negative return on equity of 11.38%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the business earned ($0.42) EPS. Community Health Systems’s revenue for the quarter was down 4.9% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. As a group, equities research analysts predict that Community Health Systems will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Community Health Systems by 601.9% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Community Health Systems during the 3rd quarter worth approximately $32,000. Lazard Asset Management LLC purchased a new position in shares of Community Health Systems during the 4th quarter worth approximately $34,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Community Health Systems in the fourth quarter valued at approximately $35,000. Finally, CWM LLC grew its holdings in Community Health Systems by 133.1% during the second quarter. CWM LLC now owns 10,974 shares of the company’s stock worth $37,000 after acquiring an additional 6,266 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.