Universal Health Services (NYSE: UHS – Get a rating) had its price target reduced by Credit Suisse Group equity research analysts from $156.00 to $141.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on shares of the healthcare provider. Credit Suisse Group’s price target indicates upside potential of 40.01% from the company’s previous close.
A number of other brokerages have also recently commented on UHS. SVB Leerink cut its price target on Universal Health Services from $132.00 to $108.00 and set a “market performance” rating on the stock in a research report on Thursday. Mizuho cut its price target on Universal Health Services from $153.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday. Loop Capital began covering universal health services in a research report on Thursday, June 16. They issued a “hold” rating and a price target of $115.00 on the stock. TheStreet upgraded universal healthcare services from a “b-” grade to a “c+” grade in a Tuesday, June 21 research report. Finally, UBS Group raised its price target on Universal Health Services from $124.00 to $134.00 and gave the company a “sell” rating in a Monday, March 7 research note. Four analysts have assigned the stock a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $142.23.
UHS stock opened at $100.71 on Friday. The company has a debt ratio of 0.71, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market capitalization of $7.53 billion, a price/earnings ratio of 8.83, a PEG ratio of 2.33 and a beta of 1.10. The company’s fifty-day moving average price is $118.55 and its two-hundred-day moving average price is $131.48. Universal Health Services has a fifty-two week minimum of $98.89 and a fifty-two week maximum of $165.00.
Universal Health Services (NYSE: UHS – Get a rating) last released its quarterly earnings data on Monday, April 25. The healthcare provider reported earnings per share of $2.15 for the quarter, missing the consensus estimate of $2.47 per ($0.32). Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The company posted revenue of $3.29 billion for the quarter, versus a consensus estimate of $3.24 billion. In the same quarter of the previous year, the company achieved EPS of $2.44. The company’s quarterly revenue increased 9.3% year over year. Research analysts expect Universal Health Services to post EPS of 11.38 for the current year.
Hedge funds have recently changed their stakes in the company. Spire Wealth Management increased its stake in Universal Health Services by 131.1% in the first quarter. Spire Wealth Management now owns 208 shares of the healthcare provider worth $30,000 after buying 118 more shares last quarter. Parallel Advisors LLC increased its stake in Universal Health Services by 50.6% in the first quarter. Parallel Advisors LLC now owns 244 shares of the healthcare provider worth $36,000 after buying 82 more shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Universal Health Services during the fourth quarter valued at approximately $32,000. Quent Capital LLC purchased a new stake in shares of Universal Health Services during the fourth quarter, valued at approximately $43,000. Finally, Ancora Advisors LLC increased its holding in shares of Universal Health Services by 33.3% during the first quarter. Ancora Advisors LLC now owns 400 shares of the healthcare provider worth $53,000 after acquiring 100 more shares in the last quarter. Institutional investors and hedge funds hold 89.41% of the company’s shares.
About Universal Health Services (Get a rating)
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals and ambulatory and behavioral health care facilities. The Company operates through the Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialized surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic and coronary care, pediatrics, pharmacy and/or behavioral health.
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