Truist Financial Cuts Community Health Systems (NYSE:CYH) Price Target to $3.50

Community Health Systems (NYSE:CYH) had its price target reduced by Truist Financial from $5.00 to $3.50 in a report published on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

CYH has been the topic of a number of other reports. StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Barclays lifted their target price on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $5.00 to $2.50 in a research report on Monday, November 25th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.52.

Community Health Systems Trading Up 2.3 %

Shares of Community Health Systems stock opened at $3.12 on Monday. Community Health Systems has a 1 year low of $2.51 and a 1 year high of $6.29. The company’s fifty day simple moving average is $3.56 and its 200-day simple moving average is $4.42. The company has a market cap of $433.52 million, a price-to-earnings ratio of -1.03 and a beta of 1.59.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the company earned ($0.33) earnings per share. The business’s revenue was up .1% compared to the same quarter last year. As a group, research analysts forecast that Community Health Systems will post -0.56 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

Several hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp increased its holdings in shares of Community Health Systems by 6.8% in the second quarter. Mackenzie Financial Corp now owns 33,269 shares of the company’s stock valued at $112,000 after purchasing an additional 2,106 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Community Health Systems by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company’s stock valued at $167,000 after acquiring an additional 2,739 shares during the last quarter. CWM LLC lifted its stake in shares of Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after purchasing an additional 2,961 shares during the period. Franklin Resources Inc. grew its stake in shares of Community Health Systems by 4.1% during the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock worth $422,000 after purchasing an additional 2,989 shares during the period. Finally, Signaturefd LLC bought a new stake in Community Health Systems in the third quarter valued at 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.