Community Health Systems, Inc. (NYSE:CYH) Given Average ...

Community Health Systems, Inc. (NYSE:CYH - Get Rating) has earned an average recommendation of "Hold" from the nine research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.14.

Several brokerages have recently commented on CYH. Truist Financial boosted their target price on shares of Community Health Systems from $4.75 to $8.00 in a research report on Friday, February 17th. Credit Suisse Group upped their price objective on shares of Community Health Systems from $3.30 to $8.50 and gave the company a "neutral" rating in a research note on Friday, February 17th. Wells Fargo & Company upped their price objective on shares of Community Health Systems from $3.00 to $4.50 and gave the company an "equal weight" rating in a research note on Tuesday, January 3rd. Oppenheimer upped their price objective on shares of Community Health Systems from $5.00 to $5.50 and gave the company an "outperform" rating in a research note on Thursday, January 19th. Finally, StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Friday, February 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CYH. Citigroup Inc. boosted its stake in Community Health Systems by 10.8% during the first quarter. Citigroup Inc. now owns 106,728 shares of the company's stock worth $1,267,000 after acquiring an additional 10,384 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Community Health Systems by 53.3% in the first quarter. MetLife Investment Management LLC now owns 69,279 shares of the company's stock valued at $822,000 after buying an additional 24,099 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Community Health Systems by 4.5% in the first quarter. Rhumbline Advisers now owns 238,443 shares of the company's stock valued at $2,830,000 after buying an additional 10,302 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Community Health Systems by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 107,056 shares of the company's stock valued at $1,271,000 after buying an additional 13,199 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Community Health Systems by 0.5% in the first quarter. BlackRock Inc. now owns 19,414,591 shares of the company's stock valued at $230,450,000 after buying an additional 93,270 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Community Health Systems Stock Down 5.1 %

NYSE CYH opened at $6.30 on Friday. The company has a market capitalization of $848.64 million, a P/E ratio of 19.09 and a beta of 1.78. Community Health Systems has a 12-month low of $1.88 and a 12-month high of $12.51. The firm has a 50-day moving average price of $4.99 and a two-hundred day moving average price of $3.65.

Community Health Systems (NYSE:CYH - Get Rating) last issued its earnings results on Thursday, February 16th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $0.41 by $1.09. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.16 billion. Community Health Systems's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Equities analysts expect that Community Health Systems will post -0.49 EPS for the current year.

Community Health Systems Company Profile

(Get Rating)

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.