Universal Health Services, Inc. (UHS) Given Average Rating of “Buy” by Brokerages
Shares of Universal Health Services, Inc. (NYSE:UHS) have received an average recommendation of “Buy” from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $131.33.
A number of research analysts have recently commented on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $134.00 target price on shares of Universal Health Services in a report on Thursday, January 4th. Piper Jaffray Companies cut shares of Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 target price for the company. in a report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Universal Health Services from a “hold” rating to a “sell” rating in a report on Saturday. Goldman Sachs Group assumed coverage on shares of Universal Health Services in a report on Wednesday, January 3rd. They issued a “buy” rating and a $137.00 price objective for the company. Finally, BMO Capital Markets assumed coverage on shares of Universal Health Services in a report on Monday, October 16th. They issued an “outperform” rating and a $125.00 price objective for the company.
A number of hedge funds and other institutional investors have recently modified their holdings of UHS. Hefty Wealth Partners raised its holdings in Universal Health Services by 36.9% during the 4th quarter. Hefty Wealth Partners now owns 5,354 shares of the health services provider’s stock worth $607,000 after purchasing an additional 1,444 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Universal Health Services by 16.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 162,466 shares of the health services provider’s stock worth $18,024,000 after purchasing an additional 22,633 shares during the last quarter. AXA raised its holdings in Universal Health Services by 1.0% during the 3rd quarter. AXA now owns 79,016 shares of the health services provider’s stock worth $8,766,000 after purchasing an additional 757 shares during the last quarter. Jana Partners LLC raised its holdings in Universal Health Services by 39.1% during the 3rd quarter. Jana Partners LLC now owns 1,891,986 shares of the health services provider’s stock worth $209,897,000 after purchasing an additional 531,358 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in Universal Health Services by 154.0% during the 3rd quarter. GSA Capital Partners LLP now owns 6,135 shares of the health services provider’s stock worth $681,000 after purchasing an additional 3,720 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.
Universal Health Services (NYSE:UHS) last posted its earnings results on Wednesday, October 25th. The health services provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.27). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.60 EPS. sell-side analysts forecast that Universal Health Services will post 7.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Universal Health Services’s dividend payout ratio (DPR) is presently 5.50%.
Universal Health Services declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the health services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
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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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