Universal Health Services (UHS) Rating Reiterated by Royal Bank of Canada

Universal Health Services (NYSE:UHS)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank of Canada in a research note issued on Thursday. They presently have a $134.00 price target on the health services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 18.80% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Citigroup dropped their price target on shares of Universal Health Services from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Leerink Swann boosted their price objective on shares of Universal Health Services from $130.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, September 22nd. KeyCorp reissued a “buy” rating and set a $127.00 price objective on shares of Universal Health Services in a report on Thursday, September 7th. Credit Suisse Group decreased their price objective on shares of Universal Health Services from $126.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Robert W. Baird reissued a “buy” rating and set a $122.00 price objective on shares of Universal Health Services in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. Universal Health Services presently has an average rating of “Buy” and an average price target of $130.50.

Shares of Universal Health Services (UHS) traded down $0.62 during trading on Thursday, hitting $112.79. 689,234 shares of the stock were exchanged, compared to its average volume of 924,594. Universal Health Services has a twelve month low of $95.26 and a twelve month high of $129.74. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $10,710.00, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 2.44 and a beta of 0.97.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.27). Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. equities analysts forecast that Universal Health Services will post 7.36 EPS for the current fiscal year.

Universal Health Services announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 15th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the health services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several hedge funds and other institutional investors have recently made changes to their positions in UHS. Janus Henderson Group PLC lifted its holdings in shares of Universal Health Services by 18,950.9% in the second quarter. Janus Henderson Group PLC now owns 2,260,197 shares of the health services provider’s stock valued at $275,926,000 after purchasing an additional 2,248,333 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Universal Health Services by 160.5% in the second quarter. Wells Fargo & Company MN now owns 1,445,313 shares of the health services provider’s stock valued at $176,443,000 after purchasing an additional 890,490 shares in the last quarter. Orbimed Advisors LLC purchased a new stake in shares of Universal Health Services in the third quarter valued at about $74,219,000. Jana Partners LLC lifted its holdings in shares of Universal Health Services by 39.1% in the third quarter. Jana Partners LLC now owns 1,891,986 shares of the health services provider’s stock valued at $209,897,000 after purchasing an additional 531,358 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Universal Health Services in the second quarter valued at about $63,140,000. 86.07% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Universal Health Services (NYSE:UHS)

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