Universal Health Services Given New $84.00 Price Target at RBC Capital (UHS)
Equities research analysts at RBC Capital lifted their price objective on shares of Universal Health Services (NYSE:UHS) from $75.00 to $84.00 in a research note issued to investors on Friday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 3.99% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Universal Health Services from $83.00 to $90.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Universal Health Services in a research note to investors on Thursday. They now have a $75.00 price target on the stock, up previously from $70.00. Finally, analysts at UBS AG raised their price target on shares of Universal Health Services from $78.00 to $91.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $80.75.
Universal Health Services (NYSE:UHS) traded up 0.27% during mid-day trading on Friday, hitting $80.78. The stock had a trading volume of 545,295 shares. Universal Health Services has a 52 week low of $40.76 and a 52 week high of $81.69. The stock’s 50-day moving average is $76.69 and its 200-day moving average is $70.11. The company has a market cap of $7.932 billion and a price-to-earnings ratio of 16.53.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.13. The company had revenue of $1.82 million for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts expect that Universal Health Services will post $4.55 EPS for the current fiscal year.
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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