Universal Health Services, Inc. (UHS) PT Lowered to $126.00
Universal Health Services, Inc. (NYSE:UHS) had its price objective decreased by research analysts at Citigroup Inc. from $131.00 to $126.00 in a research report issued on Wednesday. The firm currently has a “neutral” rating on the health services provider’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 11.62% from the stock’s previous close.
Several other analysts also recently issued reports on UHS. Zacks Investment Research downgraded Universal Health Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub raised Universal Health Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Morgan Stanley began coverage on Universal Health Services in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $124.00 price target on the stock. Royal Bank Of Canada dropped their price target on Universal Health Services from $157.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, April 27th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $147.00 price target on shares of Universal Health Services in a research note on Monday, April 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $140.17.
Shares of Universal Health Services (NYSE UHS) traded down 8.15% on Wednesday, reaching $112.88. The company’s stock had a trading volume of 3,511,053 shares. The company’s 50 day moving average is $118.94 and its 200-day moving average is $119.32. The stock has a market cap of $10.91 billion, a PE ratio of 15.41 and a beta of 1.08. Universal Health Services has a 1-year low of $99.72 and a 1-year high of $138.77.
Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by $0.12. Universal Health Services had a net margin of 7.23% and a return on equity of 15.99%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business earned $1.94 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Universal Health Services will post $7.95 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in UHS. Creative Planning increased its position in shares of Universal Health Services by 1.5% in the first quarter. Creative Planning now owns 1,125 shares of the health services provider’s stock worth $140,000 after buying an additional 17 shares during the period. Intrust Bank NA acquired a new position in shares of Universal Health Services during the first quarter worth $202,000. Stratos Wealth Partners LTD. acquired a new position in shares of Universal Health Services during the first quarter worth $202,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Universal Health Services during the first quarter worth $205,000. Finally, Conning Inc. acquired a new position in shares of Universal Health Services during the first quarter worth $209,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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