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

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

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

Community Health Systems Stock Performance

CYH stock opened at $3.40 on Friday. Community Health Systems has a twelve month low of $2.01 and a twelve month high of $6.53. The business has a fifty day moving average of $3.06 and a 200-day moving average of $3.06.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, April 24th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate 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 was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.43) earnings per share. On average, research analysts expect that Community Health Systems will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Community Health Systems by 3.6% during the fourth quarter. SG Americas Securities LLC now owns 81,513 shares of the company’s stock worth $255,000 after buying an additional 2,866 shares during the period. Hsbc Holdings PLC boosted its position in shares of Community Health Systems by 5.1% during the third quarter. Hsbc Holdings PLC now owns 86,774 shares of the company’s stock worth $252,000 after buying an additional 4,246 shares during the period. Raymond James & Associates boosted its position in shares of Community Health Systems by 3.7% during the fourth quarter. Raymond James & Associates now owns 132,423 shares of the company’s stock worth $414,000 after buying an additional 4,680 shares during the period. Diversified Trust Co boosted its position in shares of Community Health Systems by 22.4% during the fourth quarter. Diversified Trust Co now owns 33,826 shares of the company’s stock worth $106,000 after buying an additional 6,196 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in shares of Community Health Systems by 0.9% during the fourth quarter. Panagora Asset Management Inc. now owns 730,256 shares of the company’s stock worth $2,286,000 after buying an additional 6,333 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

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.