Community Health Systems (NYSE:CYH) Given New $3.50 Price Target at Truist Financial

Community Health Systems (NYSE:CYH) had its price objective trimmed by Truist Financial from $5.00 to $3.50 in a research note released on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Several other research firms have also recently issued reports on CYH. Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $5.00 to $2.50 in a research note on Monday, November 25th. StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Barclays raised their price target on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.52.

Community Health Systems Trading Down 0.3 %

NYSE CYH opened at $3.06 on Monday. The stock has a 50-day moving average of $3.60 and a 200-day moving average of $4.43. Community Health Systems has a 1-year low of $2.51 and a 1-year high of $6.29. The firm has a market cap of $425.18 million, a PE ratio of -1.01 and a beta of 1.59.

Community Health Systems (NYSE:CYH) last released 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 firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the business posted ($0.33) earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Community Health Systems will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in CYH. DekaBank Deutsche Girozentrale bought a new position in shares of Community Health Systems in the 2nd quarter worth about $33,000. Signaturefd LLC bought a new position in shares of Community Health Systems during the third quarter valued at approximately $33,000. Canada Pension Plan Investment Board bought a new stake in shares of Community Health Systems in the 2nd quarter worth approximately $45,000. CWM LLC grew its stake in shares of Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after buying an additional 2,961 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Community Health Systems by 412.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 24,702 shares of the company’s stock valued at $83,000 after buying an additional 19,886 shares in the last quarter. Hedge funds and other 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.