Community Health Systems, Inc. (NYSE:CYH – Get Free Report)’s share price traded down 3.8% on Friday after Truist Financial lowered their price target on the stock from $5.50 to $5.00. Truist Financial currently has a hold rating on the stock. Community Health Systems traded as low as $4.09 and last traded at $4.09. 481,042 shares traded hands during trading, a decline of 73% from the average session volume of 1,778,177 shares. The stock had previously closed at $4.25.
Several other equities analysts also recently weighed in on CYH. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. UBS Group raised their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Barclays raised their price target on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Oppenheimer lifted their price objective on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Community Health Systems currently has a consensus rating of “Hold” and a consensus target price of $5.18.
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Institutional Inflows and Outflows
Community Health Systems Stock Down 6.1 %
The stock has a fifty day moving average of $5.52 and a two-hundred day moving average of $4.35. The stock has a market cap of $554.47 million, a price-to-earnings ratio of -4.20 and a beta of 1.55.
Community Health Systems (NYSE:CYH – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. Community Health Systems’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) EPS. Equities research analysts anticipate that Community Health Systems, Inc. will post -0.41 EPS for the current fiscal year.
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.
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