Community Health Systems (NYSE:CYH) Given New $4.10 Price Target at UBS Group

Community Health Systems (NYSE:CYH) had its price objective lowered by research analysts at UBS Group from $4.80 to $4.10 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 15.98% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company downgraded shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $5.00 to $2.50 in a report on Monday, November 25th. StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. Truist Financial lowered their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, Barclays cut their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Community Health Systems currently has an average rating of “Hold” and a consensus price target of $4.18.

Community Health Systems Trading Down 2.1 %

NYSE CYH traded down $0.08 on Thursday, reaching $3.54. 397,656 shares of the stock were exchanged, compared to its average volume of 2,262,936. The firm has a market capitalization of $491.19 million, a PE ratio of -0.91 and a beta of 1.63. Community Health Systems has a one year low of $2.51 and a one year high of $6.29. The company’s 50-day simple moving average is $3.21 and its two-hundred day simple moving average is $4.29.

Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.51). The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sell-side analysts forecast that Community Health Systems will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYH. Tower Research Capital LLC TRC raised its stake in shares of Community Health Systems by 250.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after acquiring an additional 6,445 shares in the last quarter. Signaturefd LLC bought a new stake in Community Health Systems during the 3rd quarter valued at $33,000. Two Sigma Securities LLC purchased a new stake in shares of Community Health Systems in the 4th quarter worth $33,000. Cibc World Markets Corp purchased a new position in shares of Community Health Systems during the fourth quarter valued at $35,000. Finally, Virtu Financial LLC bought a new stake in shares of Community Health Systems in the fourth quarter valued at about $38,000. 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.