Community Health Systems (NYSE:CYH) Price Target Lowered to $2.00 at Wells Fargo & Company

Community Health Systems (NYSE:CYH) had its price target reduced by Wells Fargo & Company from $2.50 to $2.00 in a research note published on Monday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts have also recently commented on the stock. UBS Group cut their target price on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research note on Thursday, February 20th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays lowered their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. Truist Financial lowered their price target on shares of 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. Finally, Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.10.

Community Health Systems Stock Down 2.0 %

CYH stock opened at $2.64 on Monday. The stock has a market capitalization of $366.06 million, a P/E ratio of -0.68 and a beta of 1.81. The firm has a 50-day simple moving average of $3.22 and a 200-day simple moving average of $4.11. Community Health Systems has a 52 week low of $2.53 and a 52 week high of $6.29.

Community Health Systems (NYSE:CYH) last released its earnings results 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 for the quarter, compared to analyst estimates of $3.14 billion. On average, analysts expect that Community Health Systems will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

Several institutional investors and hedge funds have recently bought and sold shares of CYH. Franklin Resources Inc. lifted its holdings in shares of Community Health Systems by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock worth $422,000 after acquiring an additional 2,989 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Community Health Systems by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company’s stock worth $215,000 after acquiring an additional 3,124 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Community Health Systems by 2.4% in the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company’s stock worth $602,000 after acquiring an additional 4,654 shares during the last quarter. State of Wyoming lifted its holdings in shares of Community Health Systems by 8.9% in the 4th quarter. State of Wyoming now owns 75,698 shares of the company’s stock worth $226,000 after acquiring an additional 6,207 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after acquiring an additional 6,445 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.