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

Community Health Systems (NYSE:CYH) had its price objective lifted by Barclays from $3.00 to $5.00 in a research report sent to investors on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts also recently weighed in on CYH. Oppenheimer lifted their price target on 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 Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a report on Monday, July 15th. Wells Fargo & Company increased their price objective on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. UBS Group boosted their target price on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price target on shares of Community Health Systems in a research note on Monday, August 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.06.

Community Health Systems Trading Down 3.8 %

Shares of NYSE CYH traded down $0.16 during mid-day trading on Thursday, reaching $4.09. The company had a trading volume of 481,042 shares, compared to its average volume of 1,778,177. The firm has a 50 day simple moving average of $5.54 and a two-hundred day simple moving average of $4.34. Community Health Systems has a 52-week low of $2.01 and a 52-week high of $6.29. The stock has a market cap of $568.37 million, a P/E ratio of -4.47 and a beta of 1.55.

Community Health Systems (NYSE:CYH) last posted 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 business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) EPS. On average, equities analysts expect that Community Health Systems will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Semanteon Capital Management LP acquired a new stake in shares of Community Health Systems during the 3rd quarter worth approximately $610,000. Assenagon Asset Management S.A. lifted its holdings in shares of Community Health Systems by 6.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company’s stock valued at $9,810,000 after buying an additional 91,985 shares during the period. Signaturefd LLC acquired a new position in Community Health Systems during the third quarter worth about $33,000. nVerses Capital LLC raised its position in Community Health Systems by 138.7% in the third quarter. nVerses Capital LLC now owns 17,900 shares of the company’s stock worth $109,000 after acquiring an additional 10,400 shares in the last quarter. Finally, Creative Planning bought a new position in shares of Community Health Systems during the 3rd quarter valued at about $163,000. 84.99% of the stock is currently owned by institutional investors.

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.