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

Community Health Systems (NYSE:CYH) had its price target upped by Truist Financial from $3.00 to $3.75 in a report issued on Tuesday, MarketBeat reports. Truist Financial currently has a hold rating on the stock.

Several other analysts have also recently weighed in on CYH. Barclays cut Community Health Systems from an “equal weight” rating to an “underweight” rating and set a $3.00 price target on the stock. in a report on Wednesday, July 8th. Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings raised shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $3.41.

Community Health Systems Price Performance

Shares of Community Health Systems stock opened at $3.19 on Tuesday. The company’s 50 day moving average price is $3.07 and its two-hundred day moving average price is $3.14. The firm has a market capitalization of $450.24 million, a P/E ratio of 0.93 and a beta of 1.81. Community Health Systems has a fifty-two week low of $2.38 and a fifty-two week high of $4.43.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, April 21st. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.30). The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.89 billion. Community Health Systems had a net margin of 3.78% and a negative return on equity of 7.62%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the business earned ($0.03) EPS. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. On average, analysts expect that Community Health Systems will post -0.58 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors have recently modified their holdings of CYH. Marshall Wace LLP increased its position in shares of Community Health Systems by 276.3% during the fourth quarter. Marshall Wace LLP now owns 1,523,837 shares of the company’s stock worth $4,754,000 after acquiring an additional 1,118,864 shares in the last quarter. Owl Creek Asset Management L.P. lifted its position in Community Health Systems by 65.4% in the 1st quarter. Owl Creek Asset Management L.P. now owns 2,530,622 shares of the company’s stock valued at $7,440,000 after acquiring an additional 1,000,862 shares in the last quarter. Carronade Capital Management LP boosted its stake in Community Health Systems by 306.7% during the 1st quarter. Carronade Capital Management LP now owns 1,321,923 shares of the company’s stock valued at $3,886,000 after purchasing an additional 996,923 shares during the last quarter. Eversept Partners LP increased its holdings in Community Health Systems by 14.3% during the 4th quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock worth $24,785,000 after purchasing an additional 993,751 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Community Health Systems by 112.4% in the second quarter. Bank of America Corp DE now owns 1,872,343 shares of the company’s stock worth $6,366,000 after purchasing an additional 991,014 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.