Universal Health Services Inc. (NYSE:UHS) was downgraded by analysts at Bank of America Corp. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $135.00 price objective on the stock, down from their prior price objective of $150.00. Bank of America Corp.’s target price would suggest a potential upside of 11.57% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on UHS. Zacks Investment Research raised Universal Health Services from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Monday, July 18th. Barclays PLC cut their target price on Universal Health Services from $150.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Leerink Swann reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Universal Health Services in a research note on Friday, July 29th. JPMorgan Chase & Co. lifted their price objective on Universal Health Services from $138.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Universal Health Services in a research note on Tuesday, August 30th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $141.00.

Analyst Recommendations for Universal Health Services (NYSE:UHS)

Shares of Universal Health Services (NYSE:UHS) opened at 121.00 on Wednesday. The firm has a 50-day moving average price of $122.14 and a 200-day moving average price of $128.26. Universal Health Services has a 1-year low of $100.82 and a 1-year high of $139.77. The stock has a market capitalization of $11.75 billion, a PE ratio of 17.04 and a beta of 1.14.

Universal Health Services (NYSE:UHS) last posted its earnings results on Wednesday, October 26th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by $0.08. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.40 billion. Universal Health Services had a return on equity of 16.35% and a net margin of 7.31%. Universal Health Services’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS. On average, equities research analysts forecast that Universal Health Services will post $7.35 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in Universal Health Services during the second quarter valued at $124,000. Checchi Capital Advisers LLC increased its stake in Universal Health Services by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,030 shares of the company’s stock valued at $138,000 after buying an additional 12 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Universal Health Services by 100.0% in the third quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $148,000 after buying an additional 600 shares during the last quarter. Creative Planning increased its stake in Universal Health Services by 5.2% in the second quarter. Creative Planning now owns 1,108 shares of the company’s stock valued at $149,000 after buying an additional 55 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its stake in Universal Health Services by 118.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,323 shares of the company’s stock valued at $177,000 after buying an additional 718 shares during the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

About Universal Health Services

Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.

5 Day Chart for NYSE:UHS

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