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

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

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 30th. Truist Financial upped their price target on shares of Community Health Systems from $3.75 to $4.25 and gave the company a "hold" rating in a report on Monday, July 15th. Oppenheimer upped their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $6.00 price target on shares of Community Health Systems in a report on Monday, August 12th. Finally, UBS Group upped their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the company a "neutral" rating in a report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $5.06.

Community Health Systems Price Performance

Shares of NYSE:CYH traded down $1.30 during midday trading on Thursday, reaching $4.25. The company had a trading volume of 8,332,031 shares, compared to its average volume of 1,784,442. The stock's fifty day moving average price is $5.55 and its 200-day moving average price is $4.34. The stock has a market capitalization of $590.61 million, a P/E ratio of -4.71 and a beta of 1.55. Community Health Systems has a one year low of $2.01 and a one year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. The company's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.33) EPS. As a group, sell-side analysts forecast that Community Health Systems will post -0.41 earnings per share for the current year.

Institutional Trading of Community Health Systems

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC purchased a new stake in Community Health Systems during the third quarter valued at about $33,000. nVerses Capital LLC acquired a new position in shares of Community Health Systems in the 2nd quarter valued at about $25,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Community Health Systems in the 2nd quarter valued at about $33,000. CWM LLC increased its holdings in shares of Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company's stock valued at $74,000 after purchasing an additional 2,961 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Community Health Systems in the 2nd quarter valued at about $45,000. 84.99% of the stock is owned by hedge funds and other 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.