Truist Financial Increases Community Health Systems (NYSE:CYH) Price Target to $3.75

Community Health Systems (NYSE:CYH) had its price objective hoisted by Truist Financial from $3.25 to $3.75 in a research report released on Friday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

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

Community Health Systems Stock Up 4.3 %

CYH opened at $3.39 on Friday. The stock has a market cap of $471.14 million, a PE ratio of -3.57 and a beta of 1.52. The business has a 50 day moving average of $3.06 and a 200-day moving average of $3.06. Community Health Systems has a 52 week low of $2.01 and a 52 week high of $6.53.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, April 24th. The company reported ($0.14) EPS 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 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 firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.43) EPS. Equities analysts anticipate that Community Health Systems will post -0.4 EPS for the current year.

Institutional Trading of Community Health Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC bought a new stake in shares of Community Health Systems in the 3rd quarter worth $30,000. Red Door Wealth Management LLC bought a new stake in shares of Community Health Systems in the 4th quarter worth $36,000. Eagle Asset Management Inc. purchased a new position in shares of Community Health Systems in the 4th quarter worth $40,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Community Health Systems in the 3rd quarter worth $38,000. Finally, Zullo Investment Group Inc. purchased a new position in shares of Community Health Systems in the 3rd quarter worth $44,000. 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.