Community Health Systems, Inc. (NYSE:CYH) Receives $5.18 Consensus Price Target from Brokerages

Community Health Systems, Inc. (NYSE:CYH) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $5.18.

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Barclays boosted their target price on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research note on Monday, August 12th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their price target on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new stake in shares of Community Health Systems during the second quarter worth about $5,121,000. Apollo Management Holdings L.P. purchased a new position in shares of Community Health Systems in the 1st quarter valued at about $5,149,000. Bank of Montreal Can acquired a new stake in shares of Community Health Systems during the 2nd quarter valued at approximately $3,692,000. Whitebox Advisors LLC boosted its position in Community Health Systems by 43.3% during the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after purchasing an additional 913,542 shares in the last quarter. Finally, Barclays PLC grew its stake in Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock valued at $4,296,000 after acquiring an additional 656,447 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Trading Down 3.6 %

CYH stock opened at $3.85 on Monday. Community Health Systems has a 12 month low of $2.31 and a 12 month high of $6.29. The company has a market cap of $534.26 million, a price-to-earnings ratio of -1.27 and a beta of 1.60. The firm has a 50-day moving average of $5.20 and a two-hundred day moving average of $4.47.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.08 billion. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.33) earnings per share. As a group, equities analysts forecast that Community Health Systems will post -0.52 earnings per share for the current year.

About Community Health Systems

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.