Oppenheimer Raises Community Health Systems (NYSE:CYH) Price Target to $5.00

Community Health Systems (NYSE:CYH) had its price target boosted by Oppenheimer from $4.50 to $5.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 16.28% from the company’s current price.

Separately, Truist Financial lifted their target price on shares of Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a report on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Community Health Systems has a consensus rating of “Hold” and a consensus target price of $4.25.

Community Health Systems Price Performance

CYH stock traded down $0.03 during midday trading on Thursday, hitting $4.30. The company’s stock had a trading volume of 252,514 shares, compared to its average volume of 1,858,771. Community Health Systems has a twelve month low of $2.01 and a twelve month high of $5.20. The company’s fifty day moving average price is $3.59 and its 200 day moving average price is $3.42. The stock has a market capitalization of $597.57 million, a P/E ratio of -4.53 and a beta of 1.52.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business posted ($0.22) earnings per share. Community Health Systems’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts expect that Community Health Systems will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently made changes to their positions in CYH. SG Americas Securities LLC raised its position in shares of Community Health Systems by 3.6% in the 4th quarter. SG Americas Securities LLC now owns 81,513 shares of the company’s stock valued at $255,000 after buying an additional 2,866 shares in the last quarter. Raymond James & Associates increased its position in Community Health Systems by 3.7% during the 4th quarter. Raymond James & Associates now owns 132,423 shares of the company’s stock worth $414,000 after purchasing an additional 4,680 shares in the last quarter. Regatta Capital Group LLC acquired a new position in Community Health Systems during the 4th quarter worth approximately $53,000. Equitable Trust Co. increased its position in Community Health Systems by 50.0% during the 4th quarter. Equitable Trust Co. now owns 150,000 shares of the company’s stock worth $470,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Community Health Systems during the 4th quarter worth approximately $313,000. 84.99% of the stock is currently 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.