Universal Health Services (NYSE:UHS)‘s stock had its “buy” rating reiterated by stock analysts at Royal Bank of Canada in a report issued on Thursday, January 4th. They presently have a $134.00 price target on the health services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 16.59% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets began coverage on Universal Health Services in a research report on Monday, October 16th. They issued an “outperform” rating and a $125.00 price objective for the company. Leerink Swann increased their price objective on Universal Health Services from $130.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, September 22nd. KeyCorp reiterated a “buy” rating and issued a $127.00 price objective on shares of Universal Health Services in a research report on Thursday, September 7th. Credit Suisse Group began coverage on Universal Health Services in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $126.00 price objective for the company. Finally, Citigroup cut their price objective on Universal Health Services from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $130.50.
Universal Health Services (NYSE:UHS) traded up $4.57 during trading hours on Thursday, reaching $114.93. The company’s stock had a trading volume of 982,290 shares, compared to its average volume of 997,274. The stock has a market capitalization of $10,510.00, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.26 and a quick ratio of 1.16. Universal Health Services has a 1 year low of $95.26 and a 1 year high of $129.74.
Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.27). The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Universal Health Services had a return on equity of 11.70% and a net margin of 5.72%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. sell-side analysts anticipate that Universal Health Services will post 7.36 EPS for the current fiscal year.
Universal Health Services declared that its Board of Directors has authorized a share repurchase plan on Wednesday, November 15th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the health services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several hedge funds have recently made changes to their positions in UHS. DnB Asset Management AS purchased a new stake in Universal Health Services during the 4th quarter worth about $1,542,000. Oak Point Wealth Management purchased a new stake in Universal Health Services during the 4th quarter worth about $432,000. Hefty Wealth Partners increased its position in Universal Health Services by 36.9% during the 4th quarter. Hefty Wealth Partners now owns 5,354 shares of the health services provider’s stock worth $607,000 after purchasing an additional 1,444 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Universal Health Services by 16.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 162,466 shares of the health services provider’s stock worth $18,024,000 after purchasing an additional 22,633 shares in the last quarter. Finally, AXA increased its position in Universal Health Services by 1.0% during the 3rd quarter. AXA now owns 79,016 shares of the health services provider’s stock worth $8,766,000 after purchasing an additional 757 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.
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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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