Community Health Systems, Inc. (NYSE:CYH) Receives $4.52 Consensus Price Target from Analysts

Community Health Systems, Inc. (NYSE:CYHGet Free Report) has been given an average rating of “Hold” by the seven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.52.

A number of equities research analysts have commented on CYH shares. Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $5.00 to $2.50 in a report on Monday, November 25th. Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Barclays increased their price objective on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Truist Financial lowered their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th.

Check Out Our Latest Stock Report on Community Health Systems

Institutional Trading of Community Health Systems

Large investors have recently made changes to their positions in the business. Signaturefd LLC bought a new position in Community Health Systems in the 3rd quarter valued at $33,000. CWM LLC grew its holdings in shares of Community Health Systems by 32.1% in the third quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after purchasing an additional 2,961 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Community Health Systems during the 2nd quarter valued at about $45,000. Aigen Investment Management LP purchased a new stake in Community Health Systems in the 3rd quarter valued at about $94,000. Finally, nVerses Capital LLC increased its position in shares of Community Health Systems by 138.7% during the third quarter. nVerses Capital LLC now owns 17,900 shares of the company’s stock worth $109,000 after acquiring an additional 10,400 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Price Performance

Shares of CYH stock opened at $3.45 on Friday. Community Health Systems has a one year low of $2.51 and a one year high of $6.29. The company’s fifty day moving average price is $3.28 and its 200-day moving average price is $4.42. The company has a market capitalization of $479.38 million, a price-to-earnings ratio of -1.14 and a beta of 1.59.

About Community Health Systems

(Get Free Report

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.

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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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