Universal Health Services Hits New 1-Year High at $113.64 (UHS)
Shares of Universal Health Services (NYSE:UHS) hit a new 52-week high during trading on Monday , AR Network reports. The stock traded as high as $113.64 and last traded at $112.95, with a volume of 213,535 shares. The stock had previously closed at $113.00.
A number of research firms have recently commented on UHS. 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 assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $106.43.
The stock has a 50-day moving average of $103.0 and a 200-day moving average of $88.78. The company has a market cap of $11.221 billion and a price-to-earnings ratio of 21.39.
Universal Health Services (NYSE:UHS) last released its earnings data on Thursday, July 24th. The company reported $1.55 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.20 earnings per share. Universal Health Services’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Universal Health Services will post $5.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, August 28th. This is a positive change from Universal Health Services’s previous quarterly dividend of $0.05.
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.