Truist Financial Cuts Community Health Systems (NYSE:CYH) Price Target to $3.25

Community Health Systems (NYSE:CYH) had its price target cut by Truist Financial from $3.75 to $3.25 in a report released on Monday, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Several other analysts have also recently commented on CYH. Royal Bank Of Canada decreased their price target on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays reduced their target price on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Thursday, July 23rd. Zacks Research cut shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Community Health Systems has a consensus rating of “Reduce” and an average price target of $2.95.

Community Health Systems Stock Performance

CYH stock opened at $2.73 on Monday. The stock has a market capitalization of $384.96 million, a PE ratio of 1.48 and a beta of 1.81. Community Health Systems has a one year low of $2.38 and a one year high of $4.43. The company has a fifty day moving average of $3.11 and a 200-day moving average of $3.12.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the business earned ($0.05) EPS. Community Health Systems’s revenue for the quarter was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. Equities analysts forecast that Community Health Systems will post -1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

A number of large investors have recently added to or reduced their stakes in CYH. Assenagon Asset Management S.A. increased its holdings in Community Health Systems by 24.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 834,813 shares of the company’s stock valued at $2,788,000 after acquiring an additional 163,953 shares in the last quarter. Readystate Asset Management LP grew its position in shares of Community Health Systems by 24.8% in the first quarter. Readystate Asset Management LP now owns 361,497 shares of the company’s stock valued at $1,063,000 after purchasing an additional 71,858 shares during the last quarter. Eversept Partners LP increased its stake in shares of Community Health Systems by 9.2% during the 1st quarter. Eversept Partners LP now owns 8,677,281 shares of the company’s stock worth $25,511,000 after purchasing an additional 733,479 shares in the last quarter. Saba Capital Management L.P. raised its position in shares of Community Health Systems by 219.8% during the 1st quarter. Saba Capital Management L.P. now owns 1,281,839 shares of the company’s stock worth $3,769,000 after purchasing an additional 881,031 shares during the last quarter. Finally, Whitebox Advisors LLC lifted its stake in Community Health Systems by 42.1% in the 1st quarter. Whitebox Advisors LLC now owns 3,127,884 shares of the company’s stock valued at $9,196,000 after buying an additional 926,364 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.