Community Health Systems, Inc. (CYH) Receives Consensus Recommendation of “Hold” from Brokerages

Community Health Systems, Inc. (CYH) Receives Consensus Recommendation of “Hold” from Brokerages

Community Health Systems, Inc. (NYSE:CYH) has earned an average rating of “Hold” from the twenty-seven brokerages that are currently covering the firm. Eight research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $11.18.

Several equities analysts have commented on the company. Royal Bank Of Canada raised their price objective on Community Health Systems from $6.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 9th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $10.00 price objective (down previously from $18.00) on shares of Community Health Systems in a research report on Sunday, November 6th. Zacks Investment Research raised Community Health Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 31st. RBC Capital Markets reissued a “sector perform” rating and set a $6.00 price objective (down previously from $15.00) on shares of Community Health Systems in a research report on Wednesday, November 9th. Finally, Barclays PLC reissued a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research report on Monday, January 9th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in Community Health Systems during the second quarter worth approximately $59,988,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Community Health Systems during the second quarter worth approximately $41,896,000. BlackRock Fund Advisors boosted its position in Community Health Systems by 41.7% in the second quarter. BlackRock Fund Advisors now owns 6,020,839 shares of the company’s stock worth $72,551,000 after buying an additional 1,771,171 shares in the last quarter. Canyon Capital Advisors LLC acquired a new position in Community Health Systems during the third quarter worth approximately $11,540,000. Finally, Northern Trust Corp boosted its position in Community Health Systems by 68.6% in the third quarter. Northern Trust Corp now owns 2,350,414 shares of the company’s stock worth $27,124,000 after buying an additional 956,343 shares in the last quarter.

Community Health Systems (NYSE:CYH) opened at 6.61 on Wednesday. The stock’s market capitalization is $732.99 million. Community Health Systems has a one year low of $4.15 and a one year high of $21.38. The company has a 50 day moving average of $6.23 and a 200-day moving average of $8.53.

About Community Health Systems

Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.

Related posts

Leave a Comment