Community Health Systems (NYSE:CYH) Price Target Raised to $3.75

Community Health Systems (NYSE:CYH) had its target price raised by Truist Financial from $3.25 to $3.75 in a research note released on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages also recently issued reports on CYH. Barclays initiated coverage on shares of Community Health Systems in a research report on Wednesday, March 6th. They set an equal weight rating and a $3.00 price target on the stock. StockNews.com raised Community Health Systems from a sell rating to a hold rating in a report on Thursday, February 22nd. Finally, Oppenheimer dropped their price objective on Community Health Systems from $5.50 to $4.50 and set an outperform rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $4.05.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $3.39 on Friday. Community Health Systems has a 52 week low of $2.01 and a 52 week high of $6.53. The company’s fifty day moving average is $3.06 and its 200-day moving average is $3.06. The company has a market capitalization of $471.14 million, a PE ratio of -3.57 and a beta of 1.52.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, April 24th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. Community Health Systems had a negative net margin of 0.99% and a negative return on equity of 5.51%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.43) EPS. On average, analysts forecast that Community Health Systems will post -0.4 EPS for the current year.

Institutional Trading of Community Health Systems

A number of institutional investors and hedge funds have recently modified their holdings of CYH. Jump Financial LLC bought a new stake in shares of Community Health Systems in the 3rd quarter valued at about $30,000. Red Door Wealth Management LLC bought a new stake in Community Health Systems during the 4th quarter worth approximately $36,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Community Health Systems during the 3rd quarter worth approximately $38,000. Eagle Asset Management Inc. bought a new stake in Community Health Systems during the 4th quarter worth approximately $40,000. Finally, Convergence Investment Partners LLC bought a new stake in Community Health Systems during the 3rd quarter worth approximately $44,000. 84.99% of the stock is owned by institutional investors.

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.