Community Health Systems (NYSE:CYH) Price Target Cut to $5.00 by Analysts at Truist Financial

Community Health Systems (NYSE:CYH) had its price target decreased by Truist Financial from $5.50 to $5.00 in a report published on Friday, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other research analysts also recently commented on CYH. Oppenheimer raised their price objective on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. UBS Group increased their price objective on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Wells Fargo & Company upped their price target on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Barclays raised 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 research report on Thursday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.18.

Community Health Systems Price Performance

NYSE:CYH opened at $3.99 on Friday. The company has a market capitalization of $554.47 million, a P/E ratio of -4.20 and a beta of 1.55. The business has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $4.35. Community Health Systems has a 1 year low of $2.01 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) earnings per share. As a group, analysts anticipate that Community Health Systems will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Red Door Wealth Management LLC increased its holdings in shares of Community Health Systems by 126.6% in the 1st quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company’s stock worth $91,000 after buying an additional 14,560 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Community Health Systems during the first quarter valued at about $241,000. BNP Paribas Financial Markets lifted its stake in Community Health Systems by 87.0% during the first quarter. BNP Paribas Financial Markets now owns 61,468 shares of the company’s stock worth $215,000 after purchasing an additional 28,594 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Community Health Systems by 8.5% during the 1st quarter. GSA Capital Partners LLP now owns 251,922 shares of the company’s stock valued at $882,000 after purchasing an additional 19,787 shares during the last quarter. Finally, BOS Asset Management LLC purchased a new position in shares of Community Health Systems during the first quarter worth approximately $80,000. 84.99% of the stock is currently owned by institutional investors.

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.