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

Community Health Systems (NYSE:CYH) had its target price increased by Barclays from $3.00 to $5.00 in a report released on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

CYH has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Truist Financial boosted their target price on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research note on Monday, July 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a report on Monday, August 12th. UBS Group increased their target price on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Finally, Oppenheimer lifted their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.18.

Community Health Systems Stock Down 6.1 %

NYSE:CYH opened at $3.99 on Thursday. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $6.29. The stock’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $4.37. The firm has a market capitalization of $554.47 million, a P/E ratio of -4.20 and a beta of 1.55.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.33) EPS. As a group, equities research analysts expect that Community Health Systems will post -0.41 earnings per share for the current year.

Institutional Trading of Community Health Systems

A number of institutional investors have recently made changes to their positions in CYH. Signaturefd LLC acquired a new stake in Community Health Systems in the 3rd quarter valued at $33,000. nVerses Capital LLC bought a new position in shares of Community Health Systems in the 2nd quarter valued at about $25,000. DekaBank Deutsche Girozentrale bought a new stake in Community Health Systems during the second quarter worth about $33,000. CWM LLC boosted its position in Community Health Systems by 32.1% during the third 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 last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Community Health Systems during the 2nd quarter worth approximately $45,000. Institutional investors own 84.99% of the company’s stock.

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.