Universal Health Services Receives New Coverage from Analysts at Goldman Sachs Group Inc. (UHS)
Analysts at Goldman Sachs Group Inc. assumed coverage on shares of Universal Health Services (NYSE:UHS) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $87.00 price target on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 14.65% from the stock’s previous close.
Universal Health Services (NYSE:UHS) traded down 1.33% on Tuesday, hitting $75.88. 549,106 shares of the company’s stock traded hands. Universal Health Services has a 52-week low of $40.46 and a 52-week high of $79.14. The stock has a 50-day moving average of $71.90 and a 200-day moving average of $68.17. The company has a market cap of $7.451 billion and a price-to-earnings ratio of 15.78.
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. Analysts expect that Universal Health Services will post $4.50 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on UHS. Analysts at Deutsche Bank raised their price target on shares of Universal Health Services from $79.00 to $88.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $74.00.
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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