Universal Health Services (UHS) Rating Reiterated by Credit Suisse Group
Universal Health Services (NYSE:UHS)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse Group in a research note issued on Tuesday. They presently have a $135.00 price objective on the health services provider’s stock, up from their previous price objective of $125.00. Credit Suisse Group’s price objective would suggest a potential upside of 19.70% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. BMO Capital Markets began coverage on shares of Universal Health Services in a research report on Monday, October 16th. They set an “outperform” rating and a $125.00 price target on the stock. Leerink Swann upped their price target on shares of Universal Health Services from $130.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, September 22nd. Royal Bank of Canada reiterated a “buy” rating and set a $126.00 price target on shares of Universal Health Services in a research report on Friday, October 27th. TheStreet downgraded shares of Universal Health Services from a “b” rating to a “c+” rating in a research report on Monday, August 21st. Finally, KeyCorp reiterated a “buy” rating and set a $127.00 price target on shares of Universal Health Services in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $127.08.
Universal Health Services (UHS) opened at $112.78 on Tuesday. The stock has a market cap of $10,728.51, a PE ratio of 15.11, a P/E/G ratio of 2.57 and a beta of 0.97. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80. Universal Health Services has a 52-week low of $95.26 and a 52-week high of $129.74.
Universal Health Services announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 15th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the health services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
A number of large investors have recently made changes to their positions in UHS. First Mercantile Trust Co. bought a new stake in shares of Universal Health Services in the 2nd quarter valued at about $150,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Universal Health Services in the 2nd quarter valued at about $211,000. Advisor Group Inc. increased its stake in shares of Universal Health Services by 198.0% in the 2nd quarter. Advisor Group Inc. now owns 1,812 shares of the health services provider’s stock valued at $220,000 after acquiring an additional 1,204 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Universal Health Services by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,845 shares of the health services provider’s stock valued at $225,000 after acquiring an additional 145 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Universal Health Services in the 3rd quarter valued at about $205,000. 86.07% of the stock is owned by hedge funds and other institutional investors.
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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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