Truist Financial Issues Positive Forecast for Community Health Systems (NYSE:CYH) Stock Price

Community Health Systems (NYSE:CYH) had its price target hoisted by Truist Financial from $3.00 to $3.75 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential upside of 11.77% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Barclays cut Community Health Systems from an “equal weight” rating to an “underweight” rating and set a $3.00 target price on the stock. in a report on Wednesday, July 8th. Weiss Ratings raised Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $3.41.

Community Health Systems Price Performance

Shares of CYH stock opened at $3.35 on Tuesday. The business has a 50 day simple moving average of $3.06 and a 200 day simple moving average of $3.14. The firm has a market capitalization of $472.79 million, a price-to-earnings ratio of 0.98 and a beta of 1.81. Community Health Systems has a 12-month low of $2.38 and a 12-month high of $4.43.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, April 21st. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.30). Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the company earned ($0.03) EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. On average, equities analysts anticipate that Community Health Systems will post -0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

A number of large investors have recently made changes to their positions in CYH. Royal Bank of Canada boosted its holdings in shares of Community Health Systems by 601.9% during the fourth quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after purchasing an additional 7,963 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Community Health Systems in the fourth quarter worth $34,000. Wealthcare Advisory Partners LLC purchased a new position in Community Health Systems in the fourth quarter valued at about $35,000. Quarry LP purchased a new stake in shares of Community Health Systems during the 3rd quarter worth about $39,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.