Community Health Systems (NYSE:CYH) PT Raised to $5.00

Community Health Systems (NYSE:CYH) had its target price hoisted by Wells Fargo & Company from $3.50 to $5.00 in a report issued on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also weighed in on CYH. Oppenheimer lifted their price objective on shares of Community Health Systems from $4.50 to $5.00 and gave the company an outperform rating in a research note on Thursday, July 25th. Truist Financial boosted their price target on shares of Community Health Systems from $3.75 to $4.25 and gave the company a hold rating in a research note on Monday, July 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Community Health Systems presently has a consensus rating of Hold and a consensus price target of $4.65.

Community Health Systems Stock Performance

Community Health Systems stock opened at $4.98 on Tuesday. Community Health Systems has a 52-week low of $2.01 and a 52-week high of $5.48. The firm has a 50 day moving average price of $3.79 and a two-hundred day moving average price of $3.49. The firm has a market cap of $692.05 million, a price-to-earnings ratio of -5.24 and a beta of 1.52.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm posted ($0.22) EPS. The business’s revenue was up .8% on a year-over-year basis. As a group, equities research analysts predict that Community Health Systems will post -0.41 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in Community Health Systems during the 2nd quarter worth $25,000. Eagle Asset Management Inc. purchased a new position in Community Health Systems during the 4th quarter worth $40,000. Bison Wealth LLC purchased a new position in Community Health Systems during the 4th quarter worth $63,000. RPO LLC purchased a new position in Community Health Systems during the 4th quarter worth $75,000. Finally, BOS Asset Management LLC purchased a new position in Community Health Systems during the 1st quarter worth $80,000. Institutional investors own 84.99% of the company’s stock.

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.