Universal Health Services, Inc. (UHS) PT Raised to $132.00
Universal Health Services, Inc. (NYSE:UHS) had its price target increased by research analysts at Leerink Swann from $130.00 to $132.00 in a report issued on Friday. The firm currently has an “outperform” rating on the health services provider’s stock. Leerink Swann’s price objective indicates a potential upside of 19.84% from the stock’s previous close.
A number of other research firms also recently commented on UHS. BidaskClub downgraded Universal Health Services from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Morgan Stanley reduced their target price on Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Zacks Investment Research upgraded Universal Health Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. TheStreet downgraded Universal Health Services from a “b” rating to a “c+” rating in a research report on Monday, August 21st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $147.00 target price on shares of Universal Health Services in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $134.33.
Shares of Universal Health Services (NYSE UHS) traded up 1.05% during trading on Friday, reaching $109.57. The company’s stock had a trading volume of 222,591 shares. The stock has a 50 day moving average of $108.68 and a 200-day moving average of $117.12. Universal Health Services has a 1-year low of $99.72 and a 1-year high of $129.74. The company has a market capitalization of $10.48 billion, a PE ratio of 14.90 and a beta of 1.07.
Universal Health Services (NYSE:UHS) last posted its earnings results on Tuesday, July 25th. The health services provider reported $1.94 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.12). Universal Health Services had a net margin of 7.10% and a return on equity of 15.49%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. Universal Health Services’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts expect that Universal Health Services will post $7.73 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new position in Universal Health Services during the 2nd quarter worth $4,932,000. Sentry Investment Management LLC grew its stake in Universal Health Services by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 6,848 shares of the health services provider’s stock worth $836,000 after purchasing an additional 72 shares in the last quarter. Toronto Dominion Bank grew its stake in Universal Health Services by 25.7% during the 2nd quarter. Toronto Dominion Bank now owns 30,293 shares of the health services provider’s stock worth $3,698,000 after purchasing an additional 6,188 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Universal Health Services during the 2nd quarter worth $608,000. Finally, Colony Group LLC grew its stake in Universal Health Services by 2.0% during the 2nd quarter. Colony Group LLC now owns 73,820 shares of the health services provider’s stock worth $9,012,000 after purchasing an additional 1,449 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.
Universal Health Services Company Profile
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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