Community Health Systems (NYSE:CYH - Get Free Report) had its price target dropped by investment analysts at Wells Fargo & Company from $2.50 to $2.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Wells Fargo & Company's target price indicates a potential downside of 30.07% from the company's current price.
Several other analysts have also issued reports on the company. Raymond James lowered Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Truist Financial dropped their price target on shares of Community Health Systems from $5.00 to $3.50 and set a "hold" rating for the company in a research report on Monday, January 6th. Barclays decreased their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 20th. Finally, UBS Group dropped their target price on shares of Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.10.
Check Out Our Latest Research Report on CYH
Community Health Systems Stock Down 2.7 %
Community Health Systems stock opened at $2.86 on Monday. The business has a 50-day simple moving average of $3.24 and a two-hundred day simple moving average of $4.15. Community Health Systems has a 52-week low of $2.69 and a 52-week high of $6.29. The company has a market cap of $397.32 million, a P/E ratio of -0.73 and a beta of 1.81.
Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.51). The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.14 billion. Research analysts anticipate that Community Health Systems will post -0.29 EPS for the current fiscal year.
Institutional Trading of Community Health Systems
Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its position in shares of Community Health Systems by 157.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock worth $12,459,000 after buying an additional 2,550,678 shares in the last quarter. Helix Partners Management LP purchased a new stake in shares of Community Health Systems during the 4th quarter worth approximately $4,923,000. Columbus Hill Capital Management L.P. purchased a new position in shares of Community Health Systems in the fourth quarter valued at $3,887,000. Renaissance Technologies LLC increased its position in Community Health Systems by 913.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company's stock worth $4,247,000 after purchasing an additional 1,280,300 shares during the last quarter. Finally, DG Capital Management LLC increased its holdings in shares of Community Health Systems by 54.8% in the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock worth $10,473,000 after buying an additional 1,240,413 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Community Health Systems Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Community Health Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Community Health Systems wasn't on the list.
While Community Health Systems currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
