Universal Health Services Sets New 52-Week High at $110.43 (UHS)
Shares of Universal Health Services (NYSE:UHS) hit a new 52-week high during mid-day trading on Friday , American Banking & Market News reports. The stock traded as high as $110.43 and last traded at $109.10, with a volume of 175,531 shares trading hands. The stock had previously closed at $109.92.
A number of analysts have recently weighed in on UHS shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Universal Health Services in a research note on Monday, July 28th. They now have a $120.00 price target on the stock, up previously from $95.00. Separately, analysts at Barclays raised their price target on shares of Universal Health Services from $95.00 to $121.00 in a research note on Monday, July 28th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Universal Health Services from $95.00 to $131.00 in a research note on Monday, July 28th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Universal Health Services has a consensus rating of “Buy” and an average price target of $106.43.
The stock has a 50-day moving average of $100.2 and a 200-day moving average of $87.43. The company has a market cap of $10.870 billion and a price-to-earnings ratio of 20.81.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.30. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Universal Health Services will post $5.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Thursday, August 28th. This is an increase from Universal Health Services’s previous quarterly dividend of $0.05.
In other Universal Health Services news, Director Robert H. Hotz sold 18,804 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $106.95, for a total transaction of $2,011,087.80. The sale 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.
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