Community Health Systems (NYSE:CYH) Stock Rating Lowered by Wells Fargo & Company

Wells Fargo & Company downgraded shares of Community Health Systems (NYSE:CYH) from an equal weight rating to an underweight rating in a report issued on Monday, Marketbeat.com reports. They currently have $2.50 price target on the stock, down from their previous price target of $5.00.

A number of other analysts also recently issued reports on the company. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Truist Financial cut their target price on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Barclays boosted their price objective on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, UBS Group raised their price objective on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.77.

Community Health Systems Trading Down 3.1 %

CYH stock opened at $3.46 on Monday. Community Health Systems has a 1-year low of $2.31 and a 1-year high of $6.29. The business’s 50-day moving average price is $4.94 and its two-hundred day moving average price is $4.51. The firm has a market cap of $480.76 million, a PE ratio of -1.15 and a beta of 1.60.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted ($0.33) earnings per share. On average, analysts forecast that Community Health Systems will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its stake in Community Health Systems by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock worth $422,000 after buying an additional 2,989 shares during the period. Barclays PLC lifted its holdings in shares of Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after purchasing an additional 656,447 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Community Health Systems in the 3rd quarter valued at $500,000. Algert Global LLC raised its holdings in Community Health Systems by 39.5% during the third quarter. Algert Global LLC now owns 158,587 shares of the company’s stock worth $963,000 after buying an additional 44,944 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Community Health Systems in the third quarter valued at $207,000. 84.99% of the stock is 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.