Universal Health Services (NYSE:UHS) Price Target Raised to $170.00

Universal Health Services (NYSE:UHS) had its target price upped by Wells Fargo & Company from $166.00 to $170.00 in a research report released on Monday,Benzinga reports. The firm currently has an equal weight rating on the health services provider’s stock.

UHS has been the topic of several other research reports. Morgan Stanley cut their price objective on Universal Health Services from $212.00 to $191.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating on shares of Universal Health Services in a report on Monday, August 31st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $183.00 target price on shares of Universal Health Services in a research report on Thursday, August 20th. Barclays lowered their price target on Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Finally, Robert W. Baird lowered their price target on Universal Health Services from $166.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $201.00.

Universal Health Services Price Performance

UHS opened at $196.19 on Monday. The company has a 50-day moving average of $177.84 and a 200-day moving average of $177.06. The company has a market capitalization of $11.56 billion, a P/E ratio of 8.21, a PEG ratio of 1.85 and a beta of 1.11. Universal Health Services has a 1-year low of $140.08 and a 1-year high of $246.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.28 and a current ratio of 1.37.

Universal Health Services (NYSE:UHS) last issued its earnings results on Tuesday, October 27th. The health services provider reported $5.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $0.03. Universal Health Services had a net margin of 7.96% and a return on equity of 18.39%. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the business posted $5.69 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts expect that Universal Health Services will post 22.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Universal Health Services

Institutional investors have recently modified their holdings of the business. Elevation Wealth Partners LLC grew its position in Universal Health Services by 503.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 193 shares of the health services provider’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new stake in shares of Universal Health Services in the third quarter valued at approximately $44,000. Team Financial Group LLC bought a new stake in shares of Universal Health Services during the third quarter valued at approximately $46,000. Signature Equity Partners LLC raised its holdings in shares of Universal Health Services by 1,183.3% during the third quarter. Signature Equity Partners LLC now owns 308 shares of the health services provider’s stock valued at $54,000 after buying an additional 284 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Universal Health Services by 31.7% during the third quarter. Covestor Ltd now owns 536 shares of the health services provider’s stock valued at $93,000 after buying an additional 129 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is a healthcare services company that owns and operates hospitals, outpatient facilities and other healthcare providers. Its operations are focused primarily on acute care and behavioral health services.

The company’s acute care operations include general and specialty hospitals, ambulatory surgery centers, emergency departments, physician practices and other outpatient services. Its behavioral health business provides inpatient and outpatient treatment for mental health conditions, substance-use disorders and related needs.

Universal Health Services serves patients across the United States and Puerto Rico, with additional behavioral health operations in the United Kingdom.