Truist Financial Has Lowered Expectations for Community Health Systems (NYSE:CYH) Stock Price

Community Health Systems (NYSE:CYH) had its price objective decreased by Truist Financial from $4.00 to $3.00 in a research report report published on Friday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

CYH has been the subject of a number of other reports. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays cut their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. UBS Group decreased their target price on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Guggenheim started coverage on Community Health Systems in a research note on Wednesday. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company lowered their price objective on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.02.

Community Health Systems Price Performance

Shares of CYH opened at $2.48 on Friday. The company has a market cap of $347.25 million, a PE ratio of -0.63 and a beta of 1.72. The firm has a 50-day moving average of $2.96 and a 200-day moving average of $3.62. Community Health Systems has a one year low of $2.24 and a one year high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Analysts expect that Community Health Systems will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after acquiring an additional 6,445 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of 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 during the 4th quarter worth $35,000. Virtu Financial LLC bought a new stake in shares of Community Health Systems during the 4th quarter worth $38,000. Finally, Canada Pension Plan Investment Board bought a new position in Community Health Systems in the fourth quarter valued at about $54,000. 84.99% of the stock is 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.