Community Health Systems (NYSE:CYH) Given New $3.75 Price Target at Truist Financial

Community Health Systems (NYSE:CYH) had its price objective raised by Truist Financial from $3.25 to $3.75 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

Other equities analysts have also issued reports about the company. StockNews.com raised Community Health Systems from a sell rating to a hold rating in a research report on Thursday, February 22nd. Oppenheimer reduced their price target on Community Health Systems from $5.50 to $4.50 and set an outperform rating on the stock in a research report on Thursday. Finally, Barclays started coverage on Community Health Systems in a research report on Wednesday, March 6th. They issued an equal weight rating and a $3.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $4.05.

Community Health Systems Trading Up 4.5 %

Shares of NYSE:CYH opened at $3.40 on Friday. Community Health Systems has a 1 year low of $2.01 and a 1 year high of $6.53. The stock has a 50-day simple moving average of $3.06 and a 200-day simple moving average of $3.06.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, April 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 0.99%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) EPS. On average, equities analysts predict that Community Health Systems will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Institutional investors have recently made changes to their positions in the company. Jump Financial LLC bought a new stake in shares of Community Health Systems in the 3rd quarter valued at approximately $30,000. Red Door Wealth Management LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $36,000. Eagle Asset Management Inc. bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $40,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Community Health Systems during the 3rd quarter worth $38,000. Finally, Zullo Investment Group Inc. bought a new position in Community Health Systems during the 3rd quarter worth $44,000. 84.99% of the stock is currently owned by institutional investors.

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.