Universal Health Services (NYSE:UHS) price target lowered to $119.00 in Cowen

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Universal Health Services (NYSE: UHS – Get a rating) saw its price target lowered by Cowen to $119.00 in a research note released on Tuesday, Target Stock Advisor reports. Cowen’s target price would indicate a potential upside of 8.14% from the current stock price.

Several other research companies have also recently published reports on UHS. Deutsche Bank Aktiengesellschaft lowered its price target on Universal Health Services shares from $160.00 to $130.00 in a Wednesday, July 27 report. Goldman Sachs Group cut its price target on Universal Health Services shares from $125.00 to $110.00 and set a “sell” rating for the company in a Tuesday, July 12 research report. Royal Bank of Canada cut its target price on Universal Health Services shares from $149.00 to $130.00 in a Wednesday, April 27 research report. BMO Capital Markets cut Universal Health Services shares from a “market performance” rating to an “underperformance” rating and reduced its target price for the company from $133.00 to $90.00 in a research report from Wednesday, July 6. Finally, SVB Leerink raised its price target on Universal Health Services shares from $103.00 to $111.00 and gave the company a “market performance” rating in a Thursday 28 research report. July. Five analysts gave the stock a sell rating, four gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $123.00.

Performance of universal health services actions

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NYSE UHS traded down $0.12 during the midday session on Tuesday, hitting $110.04. 6,023 shares were traded, against an average volume of 733,514. The company’s 50-day moving average is $109.00 and its 200-day moving average is $127.13. Universal Health Services has a 1-year minimum of $98.63 and a 1-year maximum of $158.28. The company has a market capitalization of $8.23 billion, a P/E ratio of 11.19, a P/E/G ratio of 3.54 and a beta of 1.18. The company has a debt ratio of 0.78, a quick ratio of 1.12 and a current ratio of 1.22.

Universal Health Services (NYSE: UHS – Get a rating) last announced its quarterly results on Monday, July 25. The healthcare service provider reported earnings per share (EPS) of $2.20 for the quarter, beating analyst consensus estimates of $2.10 by $0.10. The company posted revenue of $3.32 billion for the quarter, versus a consensus estimate of $3.27 billion. Universal Health Services posted a net margin of 5.94% and a return on equity of 12.88%. The company’s quarterly revenue increased by 3.9% compared to the same quarter last year. In the same period a year earlier, the company posted earnings of $3.76 per share. On average, equity research analysts expect Universal Health Services to post EPS of 9.9 for the current fiscal year.

Hedge funds weigh on universal health services

A number of institutional investors have recently shifted their holdings to UHS. Spire Wealth Management increased its stake in Universal Health Services by 131.1% in Q1. Spire Wealth Management now owns 208 shares of the healthcare provider valued at $30,000 after buying 118 additional shares during the period. National Bank of Canada FI acquired a new position in shares of Universal Health Services during the 4th quarter for a value of $32,000. Parallel Advisors LLC increased its position in Universal Health Services shares 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. Quent Capital LLC purchased a new stake in Universal Health Services stock in Q4 for approximately $43,000. Finally, Janiczek Wealth Management LLC increased its position in Universal Health Services shares by 67.9% in the second quarter. Janiczek Wealth Management LLC now owns 460 shares of the healthcare provider worth $52,000 after buying 186 additional shares last quarter. 89.41% of the shares are held by institutional investors and hedge funds.

Universal Health Services Company Profile

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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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Analyst Recommendations for Universal Health Services (NYSE: UHS)

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