Community Health Systems (NYSE:CYH) Price Target Cut to $4.00 by Analysts at Barclays

Community Health Systems (NYSE:CYH) had its price objective decreased by Barclays from $5.00 to $4.00 in a research note issued to investors on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages have also issued reports on CYH. Wells Fargo & Company lowered Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $5.00 to $2.50 in a research note on Monday, November 25th. Raymond James cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. 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. Finally, StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Community Health Systems presently has a consensus rating of “Hold” and an average price target of $4.18.

Community Health Systems Price Performance

Shares of NYSE CYH opened at $3.55 on Thursday. The stock has a market capitalization of $492.57 million, a P/E ratio of -0.91 and a beta of 1.63. The business has a fifty day moving average price of $3.21 and a 200 day moving average price of $4.28. Community Health Systems has a 1-year low of $2.51 and a 1-year high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) 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 analysts’ expectations of $3.14 billion. As a group, equities research analysts anticipate that Community Health Systems will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its position in shares of Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after purchasing an additional 2,961 shares during the last quarter. Franklin Resources Inc. increased its stake in Community Health Systems by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock worth $422,000 after buying an additional 2,989 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 acquiring an additional 3,124 shares in the last quarter. Rhumbline Advisers raised its holdings in Community Health Systems by 2.4% in the fourth quarter. Rhumbline Advisers now owns 201,436 shares of the company’s stock valued at $602,000 after acquiring an additional 4,654 shares in the last quarter. Finally, Signaturefd LLC purchased a new stake in Community Health Systems during the 3rd quarter worth about $33,000. Institutional investors and hedge funds 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.