Universal Health Services (NYSE:UHS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Universal Health’s shares have outperformed the industry in a year's time. Its inorganic growth impresses. Consistent growth in its revenue base on the back of solid Acute Care and Behavioral Health platforms also remains a positive. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.9% upward over the last 60 days. The company is, however, exposed to integration risks owing to several acquisitions. Further, its highly leveraged balance sheet is a major headwind. Based upon the operating trends and financial results during the first nine months of 2017, the company has lowered its 2017 earnings guidance.”
A number of other research analysts have also recently commented on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $134.00 price objective on shares of Universal Health Services in a report on Thursday, January 4th. Goldman Sachs Group assumed coverage on Universal Health Services in a report on Wednesday, January 3rd. They issued a “buy” rating and a $137.00 price objective on the stock. Piper Jaffray Companies cut Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 price objective on the stock. in a report on Wednesday, January 3rd. Credit Suisse Group restated an “outperform” rating and set a $135.00 price target (up from $125.00) on shares of Universal Health Services in a research note on Tuesday, December 19th. Finally, Citigroup upgraded Universal Health Services from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $130.50.
Universal Health Services (NYSE:UHS) last released its quarterly earnings data 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). Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. equities analysts anticipate that Universal Health Services will post 7.35 EPS for the current fiscal year.
Universal Health Services declared that its board has approved a share repurchase program on Wednesday, November 15th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the health services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
A number of large investors have recently added to or reduced their stakes in UHS. Crossmark Global Holdings Inc. acquired a new stake in shares of Universal Health Services in the third quarter valued at $205,000. Advisor Group Inc. raised its stake in shares of Universal Health Services by 198.0% in the second quarter. Advisor Group Inc. now owns 1,812 shares of the health services provider’s stock valued at $220,000 after acquiring an additional 1,204 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Universal Health Services in the third quarter valued at $228,000. Veritable L.P. raised its stake in shares of Universal Health Services by 16.6% in the second quarter. Veritable L.P. now owns 1,925 shares of the health services provider’s stock valued at $235,000 after acquiring an additional 274 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Universal Health Services in the third quarter valued at $303,000. Institutional investors own 86.26% of the company’s stock.
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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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