Universal Health Services, Inc. (NYSE:UHS)‘s stock had its “buy” rating reissued by Piper Jaffray Companies in a research note issued on Friday, July 28th. They presently have a $134.00 target price on the health services provider’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 24.94% from the stock’s current price.
A number of other brokerages also recently commented on UHS. Deutsche Bank AG assumed coverage on Universal Health Services in a research report on Tuesday, April 4th. They issued a “buy” rating and a $145.00 price objective for the company. Zacks Investment Research downgraded Universal Health Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub raised Universal Health Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Royal Bank Of Canada lowered their price objective on Universal Health Services from $157.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, April 27th. Finally, Morgan Stanley began coverage on Universal Health Services in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $124.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $136.90.
Shares of Universal Health Services (UHS) traded down 0.78% during mid-day trading on Friday, reaching $107.25. The company’s stock had a trading volume of 734,346 shares. The company’s 50-day moving average is $118.85 and its 200 day moving average is $119.40. Universal Health Services has a 1-year low of $99.72 and a 1-year high of $129.74. The firm has a market capitalization of $10.32 billion, a P/E ratio of 14.58 and a beta of 1.06.
Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by $0.12. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.64 billion. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.94 earnings per share. On average, analysts expect that Universal Health Services will post $7.72 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of UHS. AXA raised its position in Universal Health Services by 0.7% in the first quarter. AXA now owns 78,565 shares of the health services provider’s stock valued at $9,778,000 after buying an additional 566 shares during the period. Creative Planning raised its position in shares of Universal Health Services by 1.5% in the first quarter. Creative Planning now owns 1,125 shares of the health services provider’s stock worth $140,000 after buying an additional 17 shares during the period. Dean Investment Associates LLC acquired a new position in shares of Universal Health Services during the first quarter worth about $681,000. Bank of America Corp DE raised its position in shares of Universal Health Services by 40.6% in the first quarter. Bank of America Corp DE now owns 586,840 shares of the health services provider’s stock worth $73,032,000 after buying an additional 169,526 shares during the period. Finally, McKinley Carter Wealth Services Inc. raised its position in shares of Universal Health Services by 1.8% in the first quarter. McKinley Carter Wealth Services Inc. now owns 16,645 shares of the health services provider’s stock worth $2,071,000 after buying an additional 292 shares during the period. 86.11% of the stock is owned by 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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