Universal health services (NYSE: UHS – Get a rating) saw its target price reduced by Credit Suisse Group investment analysts from $156.00 to $141.00 in a research report released on Friday, market beat reports. The company currently has an “outperform” rating on shares of the healthcare provider. Credit Suisse Group’s price target would point to a potential upside of 33.06% from the company’s previous close.
Other stock analysts have also recently released reports on the company. StockNews.com upgraded universal health services from a “buy” rating to a “hold” rating in a report on Friday, April 29. The Royal Bank of Canada lowered its price target on universal health services from $149.00 to $130.00 in a report on Wednesday, April 27. TheStreet upgraded universal health services from a “b-” grade to a “c+” grade in a Tuesday, June 21 report. 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 report Thursday. 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 report. Four analysts have assigned the stock a sell rating, four have assigned a hold rating and six have assigned the stock a buy rating. Based on MarketBeat data, Universal Health Services has an average rating of “Hold” and an average target price of $142.23.
NYSE: UHS opened at $105.97 on Friday. The company’s 50-day moving average price is $118.01 and its two-hundred-day moving average price is $131.34. Universal Health Services has a 12-month minimum of $98.89 and a 12-month maximum of $165.00. The stock has a market capitalization of $7.93 billion, a P/E ratio of 9.29, a PEG ratio of 2.33 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt ratio of 0.71.
Universal health services (NYSE: UHS – Get a rating) last released its quarterly results 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). The company posted revenue of $3.29 billion in the quarter, versus $3.24 billion expected by analysts. Universal Health Services posted a net margin of 7.25% and a return on equity of 15.06%. The company’s revenue increased 9.3% year over year. During the same period of the previous year, the company achieved EPS of $2.44. On average, equity research analysts expect Universal Health Services to post EPS of 11.38 for the current fiscal year.
Several hedge funds have recently changed their holdings in the company. Insight Wealth Strategies LLC purchased a new stake in Universal Health Services stock in Q2 for a value of approximately $1,261,000. Rehmann Capital Advisory Group purchased a new stake in Universal Health Services stock in Q1 for approximately $355,000. Verition Fund Management LLC purchased a new stake in Universal Health Services stock in Q1 for approximately $515,000. BNP Paribas Arbitrage SA increased its position in Universal Health Services shares by 64.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 35,598 shares of the healthcare service provider worth $5,160,000 after buying an additional 13,892 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new equity stake in Universal Health Services in Q1 for approximately $1,718,000. Hedge funds and other institutional investors own 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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