Universal Health Services (NYSE: UHS – Get a rating) had its price target raised by Mizuho from $151.00 to $164.00 in a note issued to investors on Thursday, Fly reports. Mizuho’s target price would suggest a potential upside of 10.02% from the current stock price.
Several other stock analysts also weighed in on UHS. TheStreet raised Universal Health Services from a “c+” grade to a “b-” grade in a report on Monday, December 27. Citigroup raised its target price on Universal Health Services from $162.00 to $167.00 in a research report Tuesday. SVB Leerink raised its target price on universal health services from $136.00 to $139.00 and gave the stock a “market performance” rating in a research report on Monday. Seaport Res Ptn downgraded Universal Health Services from a “buy” rating to a “neutral” rating in a research report on Sunday. Finally, Barclays lowered its price target on universal health services from $160.00 to $141.00 and set an “underweight” rating on the stock in a Tuesday, Dec. 21 research report. Four investment analysts have assigned the stock a sell rating, four have issued a hold rating and five have assigned the company’s stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $152.75.
UHS stock opened at $149.06 on Thursday. The company has a market capitalization of $11.98 billion, a PE ratio of 12.00, a P/E/G ratio of 1.64 and a beta of 1.18. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt ratio of 0.58. The company has a 50-day moving average of $132.74 and a 200-day moving average of $135.05. Universal Health Services has a 12-month minimum of $116.23 and a 12-month maximum of $165.00.
Universal Health Services (NYSE: UHS – Get a rating) last released its results on Thursday, February 24. The healthcare service provider reported earnings per share (EPS) of $2.95 for the quarter, beating the consensus estimate of $2.87 by $0.08. The company posted revenue of $3.28 billion in the quarter, versus analyst estimates of $3.13 billion. Universal Health Services had a return on equity of 16.41% and a net margin of 8.52%. Universal Health Services quarterly revenue increased 6.1% year over year. In the same period a year earlier, the company posted earnings per share of $3.59. On average, research analysts expect Universal Health Services to post earnings per share of 11.72 for the current year.
Universal Health Services announced that its board of directors authorized a stock repurchase plan on Thursday, Feb. 24 that sees the company repurchase $1.40 billion in outstanding stock. This repurchase authorization allows the health service provider to repurchase up to 12.1% of its shares through open market purchases. Stock repurchase plans usually indicate that the company’s board of directors believe its stock is undervalued.
In other Universal Health Services news, Director Eileen C. Mcdonnell sold 296 shares of Universal Health Services in a trade that took place on Monday, February 28. The stock was sold at an average price of $141.17, for a total transaction of $41,786.32. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders hold 13.40% of the shares of the company.
Institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC increased its holdings of Universal Health Services stock by 14.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,099,131 shares of the healthcare provider valued at $531,493,000 after buying an additional 502,100 shares in the last quarter. Invesco Ltd. increased its holdings of Universal Health Services shares by 9.2% during the fourth quarter. Invesco Ltd. now owns 3,811,217 shares of the healthcare provider valued at $494,162,000 after purchasing an additional 321,368 shares in the last quarter. American Century Companies Inc. increased its holdings of Universal Health Services stock 15.6% in the fourth quarter. American Century Companies Inc. now owns 2,269,854 shares of the healthcare provider valued at $294,310,000 after buying an additional 307,066 shares in the last quarter. Nordea Investment Management AB increased its equity stake in Universal Health Services by 90.4% during the third quarter. Nordea Investment Management AB now owns 2,248,212 shares of the healthcare provider valued at $321,675,000 after buying an additional 1,067,340 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Universal Health Services by 4.2% during the third quarter. Boston Partners now owns 2,053,415 shares of the healthcare provider valued at $284,103,000 after buying an additional 83,554 shares last quarter. 85.17% of the shares are currently held by institutional investors and hedge funds.
About Universal Health Services (Get a rating)
Universal Health Services, Inc. operates as a healthcare management company that, through its subsidiaries, owns and operates acute care hospitals, behavioral health centers and outpatient care facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services and Others.
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