Deutsche Bank Increases Universal Health Services Price Target to $88.00 (UHS)
Stock analysts at Deutsche Bank hoisted their price objective on shares of Universal Health Services (NYSE:UHS) from $79.00 to $88.00 in a report issued on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 13.31% from the stock’s previous close.
Universal Health Services (NYSE:UHS) traded down 0.59% during mid-day trading on Monday, hitting $77.20. 239,447 shares of the company’s stock traded hands. Universal Health Services has a 1-year low of $40.46 and a 1-year high of $78.20. The stock has a 50-day moving average of $71.51 and a 200-day moving average of $67.89. The company has a market cap of $7.581 billion and a price-to-earnings ratio of 15.93.
Universal Health Services (NYSE:UHS) last announced its earnings results on Thursday, July 25th. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.37. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho raised their price target on shares of Universal Health Services from $72.00 to $83.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Universal Health Services from $67.00 to $70.00 in a research note to investors on Tuesday, July 30th. Finally, analysts at KeyCorp initiated coverage on shares of Universal Health Services in a research note to investors on Thursday, July 11th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $72.70.
Universal Health Services, Inc owns and operates through its subsidiaries, acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers.
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