Universal Health Services (NYSE: UHS – Get a rating) saw its target price raised by equity researchers at SVB Leerink from $111.00 to $115.00 in a research report released to clients and investors on Wednesday, Target Stock Advisor reports. The company currently has a “market performance” rating on shares of the healthcare provider. SVB Leerink’s target price indicates an upside potential of 11.47% from the current share price.
A number of other research analysts have also recently published reports on UHS. StockNews.com downgraded shares of Universal Health Services from a “buy” rating to a “hold” rating in a Friday, April 29 research note. Stephens raised his price target on Universal Health Services stock to $110.00 and gave the stock an “outperform” rating in a Wednesday, July 27, research note. Cowen cut his price target on Universal Health Services stock to $119.00 in a Tuesday, Aug. 9 research note. 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 note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Universal Health Services shares from $160.00 to $130.00 in a Wednesday, July 27 research note. Five analysts rated the stock with a sell rating, four gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, Universal Health Services has an average rating of “Hold” and a consensus price target of $123.27.
Stock of universal health services down 1.9%
Shares of UHS traded down $2.04 during Wednesday’s trading, hitting $103.17. The company’s shares had a trading volume of 3,230 shares, compared to an average volume of 629,574. The company has a debt ratio of 0.78, a current ratio of 1.22 and a quick ratio of 1, 12. The company has a market capitalization of $7.53 billion, a price/earnings ratio of 10.52, a P/E/G ratio of 2.91 and a beta of 1.18. The stock’s 50-day moving average price is $106.93 and its 200-day moving average price is $125.53. Universal Health Services has a 1-year minimum of $98.63 and a 1-year maximum of $158.28.
Universal Health Services (NYSE: UHS – Get a rating) last reported quarterly earnings data on Monday, July 25. The healthcare provider reported earnings per share of $2.20 for the quarter, beating consensus analyst estimates of $2.10 by $0.10. The company posted revenue of $3.32 billion in the quarter, versus $3.27 billion expected by analysts. 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 quarter a year earlier, the company posted earnings of $3.76 per share. On average, research analysts expect Universal Health Services to post 9.89 EPS for the current year.
Hedge funds weigh on universal health services
Institutional investors have recently been buying and selling shares of the company. The State Board of Administration of Florida Retirement System increased its stake in Universal Health Services by 0.6% in the fourth quarter. The Florida Retirement System State Board of Directors now owns 103,174 shares of the healthcare provider worth $13,378,000 after purchasing an additional 653 shares during the period. Twin Tree Management LP acquired a new position in Universal Health Services in Q1 worth $440,000. Pacer Advisors Inc. increased its stake in Universal Health Services to 93.5% in Q1. Pacer Advisors Inc. now owns 7,256 shares of the healthcare provider valued at $1,052,000 after buying 3,506 additional shares during the period. Victory Capital Management Inc. increased its stake in Universal Health Services by 19.5% in the fourth quarter. Victory Capital Management Inc. now owns 63,537 shares of the healthcare provider valued at $8,238,000 after purchasing an additional 10,363 shares during the period. Finally, Kentucky Retirement Systems increased its stake in Universal Health Services shares by 4.1% during the first quarter. Kentucky Retirement Systems now owns 4,661 shares of the healthcare service provider worth $676,000 after purchasing an additional 185 shares during the period. 89.41% of the shares are held by institutional investors and hedge funds.
About Universal Health Services
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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