Universal Health Services Inc. (NYSE:UHS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Universal Health's third-quarter 2016 results failed to impress. The company narrowed the upper end of its full-year earnings guidance. Adjusted earnings in the reported quarter missed the Zacks Consensus Estimate, while revenues beat the same. The company is expected to be hurt by margin contraction at both acute care and behavioural hospitals. Further, mounting debt levels remain a significant headwind for the company. In fact, a highly leveraged balance sheet, the upcoming presidential election, highly competitive markets and sluggish macroeconomic situations are added concerns.”

Other equities analysts have also recently issued reports about the company. Mizuho cut their price objective on Universal Health Services from $150.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, October 27th. Leerink Swann reiterated a “buy” rating and issued a $150.00 price objective on shares of Universal Health Services in a report on Friday, July 29th. Barclays PLC cut their price objective on Universal Health Services from $150.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Credit Suisse Group AG reiterated a “hold” rating and issued a $130.00 price objective on shares of Universal Health Services in a report on Tuesday, August 30th. Finally, Wolfe Research initiated coverage on Universal Health Services in a report on Tuesday, October 25th. They issued a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Universal Health Services currently 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 121.28 on Monday. Universal Health Services has a one year low of $100.82 and a one year high of $139.77. The company has a market capitalization of $11.76 billion, a P/E ratio of 17.08 and a beta of 1.14. The firm has a 50-day moving average price of $121.97 and a 200-day moving average price of $127.54.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by $0.08. Universal Health Services had a return on equity of 16.35% and a net margin of 7.31%. The firm earned $2.61 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. Universal Health Services’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts forecast that Universal Health Services will post $7.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, November 29th. Universal Health Services’s payout ratio is 5.63%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UHS. Jana Partners LLC acquired a new position in Universal Health Services during the third quarter worth approximately $156,939,000. FMR LLC raised its position in Universal Health Services by 13.4% in the second quarter. FMR LLC now owns 4,634,852 shares of the company’s stock worth $621,534,000 after buying an additional 546,464 shares during the last quarter. Boston Partners raised its position in Universal Health Services by 220.7% in the third quarter. Boston Partners now owns 648,989 shares of the company’s stock worth $79,968,000 after buying an additional 446,645 shares during the last quarter. Fiera Capital Corp raised its position in Universal Health Services by 20,199.5% in the second quarter. Fiera Capital Corp now owns 352,805 shares of the company’s stock worth $47,311,000 after buying an additional 351,067 shares during the last quarter. Finally, Samlyn Capital LLC acquired a new position in Universal Health Services during the third quarter worth approximately $35,413,000. 85.43% of the stock is owned by institutional investors and hedge funds.

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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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