Universal Health Services Stock Rating Reaffirmed by JPMorgan Chase & Co. (UHS)
Universal Health Services (NYSE:UHS)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a $97.00 price target on the stock, up from their previous price target of $90.00. JPMorgan Chase & Co.’s target price points to a potential upside of 7.87% from the company’s current price.
A number of other firms have also recently commented on UHS. Analysts at Avondale Partners upgraded shares of Universal Health Services from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $104.00 price target on the stock, up previously from $91.00. Separately, analysts at Mizuho raised their price target on shares of Universal Health Services from $98.00 to $104.00 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Universal Health Services in a research note on Tuesday, May 13th. They now have a $92.00 price target on the stock. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.92.
Shares of Universal Health Services (NYSE:UHS) traded up 2.54% on Tuesday, hitting $92.20. 733,342 shares of the company’s stock traded hands. Universal Health Services has a 52-week low of $63.51 and a 52-week high of $90.66. The stock has a 50-day moving average of $83.20 and a 200-day moving average of $81.20. The company has a market cap of $9.108 billion and a P/E ratio of 16.94.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.14. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company posted $1.22 earnings per share. Universal Health Services’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Universal Health Services will post $5.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, May 29th.
In other Universal Health Services news, SVP Debra Osteen unloaded 7,121 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.37, for a total transaction of $629,282.77. Following the completion of the transaction, the senior vice president now directly owns 77,322 shares of the company’s stock, valued at approximately $6,832,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.