Shares of Community Health Systems (NYSE:CYH) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4.71.
Several brokerages have recently issued reports on CYH. Oppenheimer decreased their price objective on Community Health Systems from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. ValuEngine raised Community Health Systems from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Citigroup upped their price objective on Community Health Systems from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Thursday, June 11th.
NYSE CYH opened at $3.01 on Friday. The stock’s 50 day moving average is $3.17 and its 200 day moving average is $3.59. Community Health Systems has a 12 month low of $1.79 and a 12 month high of $7.47. The stock has a market cap of $367.39 million, a PE ratio of -0.64 and a beta of 1.63.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($1.59) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($1.02). The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the company posted ($0.53) earnings per share. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that Community Health Systems will post -3.61 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Community Health Systems by 9.8% during the 1st quarter. State Street Corp now owns 3,286,628 shares of the company’s stock valued at $10,977,000 after purchasing an additional 292,099 shares during the last quarter. Royal Bank of Canada increased its position in shares of Community Health Systems by 50.5% during the 1st quarter. Royal Bank of Canada now owns 45,265 shares of the company’s stock valued at $151,000 after purchasing an additional 15,185 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of Community Health Systems by 53.1% during the 1st quarter. State of Tennessee Treasury Department now owns 59,855 shares of the company’s stock valued at $200,000 after purchasing an additional 20,756 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Community Health Systems during the 1st quarter valued at approximately $105,000. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Community Health Systems by 27.0% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 17,473 shares of the company’s stock valued at $58,000 after purchasing an additional 3,712 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
