UBS Group Has Lowered Expectations for Community Health Systems (NYSE:CYH) Stock Price

Community Health Systems (NYSE:CYH) had its price objective lowered by stock analysts at UBS Group from $4.80 to $4.10 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 16.64% from the company’s previous close.

Several other equities research analysts also recently issued reports on CYH. Truist Financial lowered their price target on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Wells Fargo & Company downgraded Community Health Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $5.00 to $2.50 in a research report on Monday, November 25th. Barclays decreased their target price on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.18.

Community Health Systems Price Performance

NYSE CYH opened at $3.52 on Thursday. Community Health Systems has a fifty-two week low of $2.51 and a fifty-two week high of $6.29. The stock’s 50-day moving average is $3.21 and its two-hundred day moving average is $4.27. The firm has a market cap of $488.41 million, a P/E ratio of -0.90 and a beta of 1.63.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.51). The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.14 billion. On average, equities analysts expect that Community Health Systems will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors have recently added to or reduced their stakes in CYH. Tower Research Capital LLC TRC boosted its holdings in Community Health Systems by 250.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after purchasing an additional 6,445 shares in the last quarter. Signaturefd LLC acquired a new stake in Community Health Systems during the third quarter valued at approximately $33,000. Two Sigma Securities LLC acquired a new stake in Community Health Systems during the fourth quarter valued at approximately $33,000. Cibc World Markets Corp acquired a new stake in Community Health Systems during the fourth quarter valued at approximately $35,000. Finally, Virtu Financial LLC acquired a new stake in Community Health Systems during the fourth quarter valued at approximately $38,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.