Community Health Systems (NYSE:CYH) Given New $4.25 Price Target at Truist Financial

Community Health Systems (NYSE:CYH) had its price target raised by Truist Financial from $3.75 to $4.25 in a research note released on Monday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Separately, Oppenheimer decreased their price objective on Community Health Systems from $5.50 to $4.50 and set an outperform rating for the company in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $4.15.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $3.77 on Monday. The company has a fifty day moving average of $3.55 and a 200-day moving average of $3.40. The company has a market capitalization of $523.92 million, a PE ratio of -3.97 and a beta of 1.52. Community Health Systems has a 52-week low of $2.01 and a 52-week high of $5.20.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.43) earnings per share. On average, equities analysts forecast that Community Health Systems will post -0.32 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings in Community Health Systems by 3.6% during the 4th quarter. SG Americas Securities LLC now owns 81,513 shares of the company’s stock worth $255,000 after acquiring an additional 2,866 shares during the period. Raymond James & Associates grew its holdings in Community Health Systems by 3.7% during the 4th quarter. Raymond James & Associates now owns 132,423 shares of the company’s stock worth $414,000 after acquiring an additional 4,680 shares during the period. Diversified Trust Co grew its holdings in Community Health Systems by 22.4% during the 4th quarter. Diversified Trust Co now owns 33,826 shares of the company’s stock worth $106,000 after acquiring an additional 6,196 shares during the period. Panagora Asset Management Inc. grew its holdings in Community Health Systems by 0.9% during the 4th quarter. Panagora Asset Management Inc. now owns 730,256 shares of the company’s stock worth $2,286,000 after acquiring an additional 6,333 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Community Health Systems by 7.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock worth $337,000 after purchasing an additional 6,852 shares in the last quarter. 84.99% of the stock is currently 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.