Community Health Systems (NYSE:CYH) PT Lowered to $5.00 at Truist Financial

Community Health Systems (NYSE:CYH) had its price target lowered by Truist Financial from $5.50 to $5.00 in a research report report published on Friday, Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a report on Monday, August 12th. UBS Group boosted their price objective on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Oppenheimer lifted their target price on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company raised their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Barclays upped their target price on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Community Health Systems has a consensus rating of “Hold” and an average price target of $5.18.

Community Health Systems Stock Performance

Shares of CYH stock opened at $3.99 on Friday. Community Health Systems has a fifty-two week low of $2.01 and a fifty-two week high of $6.29. The company has a market capitalization of $554.47 million, a P/E ratio of -4.20 and a beta of 1.55. The stock has a 50 day moving average price of $5.52 and a two-hundred day moving average price of $4.35.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm earned ($0.33) earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts predict that Community Health Systems will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently made changes to their positions in CYH. Mackenzie Financial Corp grew its stake in shares of Community Health Systems by 6.8% in the 2nd quarter. Mackenzie Financial Corp now owns 33,269 shares of the company’s stock worth $112,000 after buying an additional 2,106 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Community Health Systems by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company’s stock worth $167,000 after acquiring an additional 2,739 shares during the last quarter. CWM LLC increased its holdings in shares of Community Health Systems by 32.1% during the third quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after acquiring an additional 2,961 shares in the last quarter. Signaturefd LLC purchased a new position in shares of Community Health Systems in the 3rd quarter worth about $33,000. Finally, Price T Rowe Associates Inc. MD grew its position in Community Health Systems by 7.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock valued at $337,000 after purchasing an additional 6,852 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Company Profile

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.