Barclays Lowers Community Health Systems (NYSE:CYH) Price Target to $4.00

Community Health Systems (NYSE:CYH) had its price target dropped by equities researchers at Barclays from $5.00 to $4.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 13.80% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Truist Financial reduced their target price on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th. Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $5.00 to $2.50 in a report on Monday, November 25th. Finally, StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.18.

Community Health Systems Stock Down 0.7 %

Shares of NYSE:CYH opened at $3.52 on Thursday. The company has a market cap of $488.41 million, a P/E ratio of -0.90 and a beta of 1.63. Community Health Systems has a 52 week low of $2.51 and a 52 week high of $6.29. The business has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $4.27.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.14 billion. Sell-side analysts expect that Community Health Systems will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Several institutional investors and hedge funds have recently modified their holdings of CYH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Community Health Systems by 6.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company’s stock valued at $921,000 after purchasing an additional 18,612 shares during the last quarter. State of Wyoming boosted its holdings in Community Health Systems by 8.9% in the fourth quarter. State of Wyoming now owns 75,698 shares of the company’s stock valued at $226,000 after purchasing an additional 6,207 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Community Health Systems by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 35,353 shares of the company’s stock valued at $106,000 after purchasing an additional 11,632 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Community Health Systems in the fourth quarter valued at about $117,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Community Health Systems by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company’s stock valued at $215,000 after purchasing an additional 3,124 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Community Health Systems

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.