UBS Group Has Lowered Expectations for Community Health Systems (NYSE:CYH) Stock Price

Community Health Systems (NYSE:CYH) had its target price decreased by stock analysts at UBS Group from $4.80 to $4.10 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 15.98% from the stock’s previous close.

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

Community Health Systems Price Performance

NYSE CYH traded down $0.08 during trading hours on Thursday, hitting $3.54. 397,656 shares of the company’s stock traded hands, compared to its average volume of 2,262,936. The firm’s 50-day moving average is $3.21 and its 200-day moving average is $4.29. The company 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 52-week low of $2.51 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.14 billion. Equities research analysts predict that Community Health Systems will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Several large investors have recently modified their holdings of the company. Signaturefd LLC purchased a new position in Community Health Systems during the 3rd quarter worth $33,000. Tower Research Capital LLC TRC lifted its position in 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 during the period. Two Sigma Securities LLC acquired a new position in shares of Community Health Systems in the fourth quarter valued at approximately $33,000. Cibc World Markets Corp acquired a new stake in shares of Community Health Systems during the fourth quarter worth $35,000. Finally, CWM LLC increased its stake in Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after buying an additional 2,961 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Company Profile

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.