Community Health Systems (NYSE:CYH) Price Target Raised to $3.75

Community Health Systems (NYSE:CYH) had its price target raised by Truist Financial from $3.00 to $3.75 in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

CYH has been the topic of several other research reports. Weiss Ratings raised Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Zacks Research lowered Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Barclays downgraded Community Health Systems from an “equal weight” rating to an “underweight” rating and set a $3.00 price target on the stock. in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Community Health Systems from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $3.41.

Community Health Systems Stock Performance

Shares of CYH stock opened at $3.38 on Tuesday. The stock has a 50 day moving average price of $3.09 and a 200 day moving average price of $3.14. The firm has a market capitalization of $475.61 million, a P/E ratio of 0.98 and a beta of 1.81. Community Health Systems has a 52-week low of $2.38 and a 52-week high of $4.43.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.30). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.89 billion. Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) earnings per share. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. As a group, sell-side analysts forecast that Community Health Systems will post -0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Community Health Systems by 601.9% during the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after purchasing an additional 7,963 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Community Health Systems in the fourth quarter valued at about $34,000. Wealthcare Advisory Partners LLC bought a new position in Community Health Systems in the fourth quarter worth about $35,000. Quarry LP purchased a new stake in shares of Community Health Systems during the third quarter valued at about $39,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Community Health Systems during the fourth quarter valued at about $39,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.