Universal Health Services Given Average Recommendation of “Buy” by Analysts (NYSE:UHS)
Shares of Universal Health Services (NYSE:UHS) have been given an average recommendation of “Buy” by the sixteen brokerages that are covering the company, American Banking and Market News reports. One investment analyst has rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $106.43.
Universal Health Services (NYSE:UHS) traded up 0.70% during mid-day trading on Friday, hitting $114.36. 23,664 shares of the company’s stock traded hands. Universal Health Services has a 52 week low of $66.92 and a 52 week high of $114.12. The stock’s 50-day moving average is $104.9 and its 200-day moving average is $89.78. The company has a market cap of $11.340 billion and a P/E ratio of 21.50.
Universal Health Services (NYSE:UHS) last announced its earnings results 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. Stockholders 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 boost from Universal Health Services’s previous quarterly dividend of $0.05.
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.
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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