Truist Financial Forecasts Strong Price Appreciation for Community Health Systems (NYSE:CYH) Stock

Community Health Systems (NYSE:CYH - Free Report) had its price target boosted by Truist Financial from $3.50 to $4.25 in a research report report published on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

CYH has been the topic of a number of other reports. Wells Fargo & Company restated an "underweight" rating and set a $3.50 price target (up from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Guggenheim assumed coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating on the stock. Finally, UBS Group set a $3.50 price target on shares of Community Health Systems in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Community Health Systems presently has an average rating of "Hold" and an average target price of $4.38.

Community Health Systems Stock Down 1.1%

Shares of CYH traded down $0.04 during midday trading on Wednesday, hitting $3.60. The company had a trading volume of 1,616,128 shares, compared to its average volume of 2,410,952. Community Health Systems has a 52 week low of $2.24 and a 52 week high of $6.29. The company's 50 day moving average price is $3.62 and its 200 day moving average price is $3.19. The stock has a market cap of $505.12 million, a price-to-earnings ratio of -0.98 and a beta of 2.06.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. The company's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted ($0.14) earnings per share. Equities analysts anticipate that Community Health Systems will post -0.29 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

Several large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock valued at $27,000 after purchasing an additional 6,445 shares during the period. R Squared Ltd boosted its holdings in Community Health Systems by 71.6% in the 1st quarter. R Squared Ltd now owns 10,950 shares of the company's stock valued at $30,000 after purchasing an additional 4,570 shares during the period. Two Sigma Securities LLC bought a new stake in Community Health Systems in the 4th quarter valued at $33,000. Cibc World Markets Corp acquired a new position in shares of Community Health Systems in the 4th quarter valued at $35,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Community Health Systems in the 1st quarter valued at $36,000. 84.99% of the stock is owned by institutional investors.

Community Health Systems Company Profile

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.