Community Health Systems (NYSE:CYH) Stock Rating Lowered by Raymond James

Community Health Systems (NYSE:CYH) was downgraded by analysts at Raymond James from a “market perform” rating to an “underperform” rating in a note issued to investors on Friday, Marketbeat Ratings reports.

Several other equities research analysts also recently weighed in on the stock. Truist Financial lowered their target price on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 target price on shares of Community Health Systems in a research report on Monday, August 12th. Wells Fargo & Company raised their price target on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Barclays upped their price objective on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Oppenheimer lifted their target price on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.18.

Community Health Systems Stock Down 2.7 %

Shares of NYSE:CYH opened at $3.65 on Friday. The firm has a 50 day moving average of $5.02 and a 200 day moving average of $4.50. The company has a market capitalization of $507.17 million, a price-to-earnings ratio of -1.21 and a beta of 1.60. Community Health Systems has a 52 week low of $2.31 and a 52 week high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Community Health Systems’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.33) EPS. On average, sell-side analysts expect that Community Health Systems will post -0.52 EPS for the current year.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in CYH. nVerses Capital LLC acquired a new stake in Community Health Systems during the 2nd quarter worth about $25,000. DekaBank Deutsche Girozentrale acquired a new position in Community Health Systems in the second quarter valued at approximately $33,000. Signaturefd LLC purchased a new stake in Community Health Systems in the 3rd quarter worth approximately $33,000. Canada Pension Plan Investment Board acquired a new stake in shares of Community Health Systems during the 2nd quarter worth approximately $45,000. Finally, CWM LLC grew its stake in shares of Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after purchasing an additional 2,961 shares during the period. Institutional investors and hedge funds 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.