Truist Financial Issues Pessimistic Forecast for Community Health Systems (NYSE:CYH) Stock Price

Community Health Systems (NYSE:CYH) had its target price decreased by research analysts at Truist Financial from $3.75 to $3.25 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 20.37% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Barclays reduced their price target on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Thursday. Wall Street Zen downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings raised shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, UBS Group reduced their price objective on shares of Community Health Systems from $3.20 to $3.00 and set a “neutral” rating for the company in a research note on Friday. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $2.95.

Community Health Systems Trading Down 1.1%

Shares of CYH stock traded down $0.03 during trading on Monday, reaching $2.70. 195,040 shares of the company’s stock traded hands, compared to its average volume of 1,725,602. The firm’s 50-day moving average is $3.11 and its 200 day moving average is $3.13. The company has a market capitalization of $380.73 million, a P/E ratio of 1.46 and a beta of 1.81. Community Health Systems has a 1 year low of $2.38 and a 1 year high of $4.43.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, sell-side analysts predict that Community Health Systems will post -0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors have recently made changes to their positions in CYH. Royal Bank of Canada increased its holdings in shares of Community Health Systems by 601.9% in the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after buying an additional 7,963 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Community Health Systems in the fourth quarter worth $34,000. Wealthcare Advisory Partners LLC bought a new position in Community Health Systems in the fourth quarter valued at $35,000. Quarry LP purchased a new stake in Community Health Systems during the third quarter valued at about $39,000. Finally, Valeo Financial Advisors LLC bought a new stake in Community Health Systems during the fourth quarter worth about $39,000. Institutional investors own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.