Universal Health Services, Inc. (UHS) Price Target Raised to $132.00
Universal Health Services, Inc. (NYSE:UHS) had its target price raised by Leerink Swann from $130.00 to $132.00 in a research report report published on Friday. The firm currently has an outperform rating on the health services provider’s stock. Leerink Swann also issued estimates for Universal Health Services’ FY2019 earnings at $9.51 EPS.
Several other research analysts have also recently issued reports on UHS. Zacks Investment Research raised Universal Health Services from a sell rating to a hold rating in a report on Tuesday, August 8th. Morgan Stanley dropped their price target on Universal Health Services from $120.00 to $114.00 and set an equal weight rating on the stock in a report on Thursday, August 17th. BidaskClub cut Universal Health Services from a hold rating to a sell rating in a report on Tuesday, August 1st. Piper Jaffray Companies reaffirmed a buy rating and issued a $134.00 price target on shares of Universal Health Services in a report on Friday, July 28th. Finally, TheStreet cut Universal Health Services from a b rating to a c+ rating in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Universal Health Services presently has an average rating of Hold and a consensus price target of $134.33.
Shares of Universal Health Services (UHS) opened at 107.84 on Friday. The firm has a market cap of $10.32 billion, a PE ratio of 14.66 and a beta of 1.07. The firm’s 50-day moving average price is $108.68 and its 200-day moving average price is $117.12. Universal Health Services has a one year low of $99.72 and a one year high of $129.74.
Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.12). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.64 billion. Universal Health Services had a net margin of 7.10% and a return on equity of 15.49%. Universal Health Services’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 EPS. Equities research analysts expect that Universal Health Services will post $7.73 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Wednesday, August 30th. Universal Health Services’s dividend payout ratio is currently 5.44%.
Several institutional investors have recently bought and sold shares of UHS. UBS Asset Management Americas Inc. grew its holdings in shares of Universal Health Services by 8.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 229,782 shares of the health services provider’s stock valued at $28,596,000 after acquiring an additional 17,984 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Universal Health Services during the 1st quarter valued at $3,766,000. Sei Investments Co. grew its holdings in shares of Universal Health Services by 176.4% during the 1st quarter. Sei Investments Co. now owns 16,036 shares of the health services provider’s stock valued at $1,995,000 after acquiring an additional 10,235 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Universal Health Services by 26.1% during the 1st quarter. State of Wisconsin Investment Board now owns 59,065 shares of the health services provider’s stock valued at $7,351,000 after acquiring an additional 12,212 shares in the last quarter. Finally, Oxford Asset Management purchased a new position in shares of Universal Health Services during the 1st quarter valued at $917,000. Institutional investors and hedge funds own 85.10% of the company’s stock.
About Universal Health Services
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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