Research analysts at StockNews.com started coverage on shares of Community Health Systems (NYSE:CYH – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the stock.
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Several other brokerages also recently weighed in on CYH. Credit Suisse Group boosted their price objective on shares of Community Health Systems from $3.30 to $8.50 and gave the stock a “neutral” rating in a research report on Friday, February 17th. Oppenheimer boosted their price objective on shares of Community Health Systems from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Thursday, January 19th. Truist Financial boosted their price objective on shares of Community Health Systems from $4.75 to $8.00 in a research report on Friday, February 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Community Health Systems from $3.00 to $4.50 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.14.
Community Health Systems Stock Down 5.6 %
Shares of Community Health Systems stock opened at $5.10 on Thursday. Community Health Systems has a 52-week low of $1.88 and a 52-week high of $12.51. The company has a 50 day moving average of $5.41 and a 200 day moving average of $3.86. The company has a market capitalization of $686.97 million, a P/E ratio of 15.45 and a beta of 1.73.
Community Health Systems (NYSE:CYH – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $1.09. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Community Health Systems will post -0.63 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. increased its position in Community Health Systems by 0.4% during the 4th quarter. Panagora Asset Management Inc. now owns 662,496 shares of the company’s stock worth $2,862,000 after purchasing an additional 2,448 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Community Health Systems by 29.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,966 shares of the company’s stock valued at $47,000 after buying an additional 2,473 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Community Health Systems by 9.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 30,271 shares of the company’s stock valued at $131,000 after buying an additional 2,544 shares during the last quarter. ProShare Advisors LLC lifted its stake in Community Health Systems by 14.8% in the fourth quarter. ProShare Advisors LLC now owns 19,745 shares of the company’s stock valued at $85,000 after buying an additional 2,548 shares during the last quarter. Finally, Texas Permanent School Fund raised its stake in shares of Community Health Systems by 3.4% during the second quarter. Texas Permanent School Fund now owns 91,012 shares of the company’s stock valued at $341,000 after purchasing an additional 2,973 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.
Community Health Systems Company Profile
Community Health Systems, Inc engages in the provision of general and specialized healthcare services and outpatient services. The company was founded in March 1985 and is headquartered in Franklin, TN.
Further Reading
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