Universal Health Services (NYSE:UHS – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.
A number of other research firms have also issued reports on UHS. UBS Group boosted their price objective on Universal Health Services to $113.00 in a research report on Wednesday, November 16th. Credit Suisse Group boosted their price objective on Universal Health Services from $129.00 to $157.00 and gave the stock an “outperform” rating in a research report on Friday, November 25th. TheStreet raised Universal Health Services from a “c+” rating to a “b-” rating in a research report on Monday, December 5th. Bank of America raised Universal Health Services from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $120.00 to $145.00 in a research report on Friday, December 16th. Finally, Mizuho boosted their price objective on Universal Health Services from $126.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, December 14th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $125.13, according to MarketBeat.
Universal Health Services stock fell 0.2%
Shares of UHS traded down $0.23 during midday trading on Friday, hitting $140.76. 375,905 shares of the company’s stock were exchanged, with an average volume of 762,956. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.79. Universal Health Services has a 12-month low of $82.50 and a 12-month high of $158.28. The firm has a 50-day moving average of $121.54 and a 200-day moving average of $109.51. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 4.94 and a beta of 1.31.
Universal Health Services (NYSE:UHS – Get Rating) last posted its earnings results on Tuesday, October 25. The healthcare provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.40 by $0.14. Universal Health Services had a return on equity of 12.49% and a net margin of 5.59%. The company had revenue of $3.34 billion during the quarter, compared to analysts’ estimates of $3.28 billion. In the same quarter last year, the firm earned $2.67 EPS. Business revenues increased by 5.7% year-on-year. On average, analysts expect that Universal Health Services will post 9.8 EPS for the current year.
Institutional investors weigh in on universal healthcare
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Universal Health Services by 1.9% in the first quarter. Vanguard Group Inc. now owns 7,856,010 shares of the health services provider’s stock valued at $1,138,729,000 after buying an additional 146,820 shares during the period. FMR LLC lifted its position in Universal Health Services by 3.6% in the second quarter. FMR LLC now owns 5,580,653 shares of the healthcare provider’s stock valued at $562,028,000 after buying an additional 195,345 shares during the period. BlackRock Inc. lifted its position in Universal Health Services by 2.3% in the first quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock valued at $728,594,000 after buying an additional 113,259 shares during the period. Invesco Ltd. raised its position in Universal Health Services by 3.9% in the first quarter. Invesco Ltd. now owns 3,957,991 shares of the healthcare provider’s stock valued at $573,711,000 after purchasing an additional 146,774 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Universal Health Services by 12.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,788,886 shares of the health services provider’s stock valued at $157,743,000 after purchasing an additional 197,974 shares during the period. 87.17% of the shares are owned by institutional investors and hedge funds.
Universal Health Services Company Profile
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient and behavioral health facilities. The Company operates through Hospital Urgent Care and Behavioral Health Services segments. Its hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services and/or behavioral health services.
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