Zacks Investment Research Lowers Universal Health Services, Inc. (UHS) to Sell
Universal Health Services, Inc. (NYSE:UHS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.
According to Zacks, “Universal Health’s earnings of $1.94 per share missed the Zacks Consensus Estimate and remained flat year over year. The company is exposed to integration risks owing to several acquisitions. Further, its highly leveraged balance sheet is a major headwind. The company is also expected witness margin contraction at both acute care and behavioral hospitals. Well reflective of the headwinds, over last one year, the company’s shares have lost 15%, while the industry reported a decline of 3.4%. Nevertheless, its robust inorganic growth has substantially contributed to strong revenue generation. Moreover, the U.S healthcare industry offers immense untapped opportunities given the rising numbers of baby boomers. Also, solid Acute-care Platform continues to perform well.”
Several other equities analysts have also commented on UHS. Deutsche Bank AG started coverage on shares of Universal Health Services in a research report on Tuesday, April 4th. They issued a “buy” rating and a $145.00 price objective for the company. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $147.00 price objective on shares of Universal Health Services in a research report on Monday, April 17th. Royal Bank Of Canada decreased their price objective on shares of Universal Health Services from $157.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, April 27th. Morgan Stanley initiated coverage on shares of Universal Health Services in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $124.00 price target on the stock. Finally, BidaskClub downgraded shares of Universal Health Services from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $139.08.
Universal Health Services (NYSE UHS) opened at 110.36 on Friday. The company’s 50-day moving average is $119.08 and its 200-day moving average is $119.32. Universal Health Services has a 12 month low of $99.72 and a 12 month high of $130.02. The stock has a market capitalization of $10.67 billion, a PE ratio of 15.06 and a beta of 1.08.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Tuesday, July 25th. The health services provider reported $1.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by $0.12. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Universal Health Services had a net margin of 7.10% and a return on equity of 15.49%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. Equities research analysts forecast that Universal Health Services will post $7.80 EPS for the current year.
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Several large investors have recently modified their holdings of UHS. Tower Research Capital LLC TRC purchased a new stake in shares of Universal Health Services during the second quarter worth approximately $124,000. Checchi Capital Advisers LLC boosted its stake in shares of Universal Health Services by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,030 shares of the health services provider’s stock worth $138,000 after buying an additional 12 shares during the last quarter. Creative Planning boosted its stake 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 last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Universal Health Services by 3.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,211 shares of the health services provider’s stock worth $141,000 after buying an additional 38 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of Universal Health Services by 262.4% in the second quarter. Grove Bank & Trust now owns 1,196 shares of the health services provider’s stock worth $146,000 after buying an additional 866 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.
Universal Health Services Company Profile
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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