Community Health Systems (NYSE:CYH) PT Lowered to $4.50

Community Health Systems (NYSE:CYH) had its price objective reduced by analysts at Oppenheimer from $5.50 to $4.50 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 32.55% from the company’s current price.

A number of other research analysts also recently issued reports on CYH. Barclays initiated coverage on Community Health Systems in a report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 price objective for the company. StockNews.com upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.05.

Community Health Systems Price Performance

NYSE CYH opened at $3.40 on Thursday. The firm has a market cap of $471.84 million, a P/E ratio of -3.57 and a beta of 1.52. The stock’s 50-day moving average is $3.06 and its 200-day moving average is $3.06. Community Health Systems has a one year low of $2.01 and a one year high of $6.53.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 0.99%. Community Health Systems’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned ($0.43) earnings per share. Equities analysts anticipate that Community Health Systems will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jump Financial LLC bought a new position in shares of Community Health Systems during the 3rd quarter worth approximately $30,000. Red Door Wealth Management LLC bought a new position in shares of Community Health Systems during the 4th quarter worth approximately $36,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Community Health Systems during the 3rd quarter worth approximately $38,000. Eagle Asset Management Inc. bought a new position in shares of Community Health Systems during the 4th quarter worth approximately $40,000. Finally, Convergence Investment Partners LLC acquired a new stake in Community Health Systems during the 3rd quarter worth approximately $44,000. 84.99% of the stock is currently owned by institutional investors.

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.