Universal Health Services (NYSE:UHS) Downgraded to C+ at TheStreet

TheStreet downgraded shares of Universal Health Services (NYSE:UHSGet Rating) from a b- rating to a c+ rating in a report issued on Tuesday morning, TheStreetRatingsTable reports.

A number of other equities research analysts have also recently commented on the stock. Loop Capital assumed coverage on shares of Universal Health Services in a research report on Thursday, June 16th. They set a hold rating and a $115.00 target price for the company. Credit Suisse Group decreased their target price on shares of Universal Health Services to $156.00 in a research report on Friday, June 3rd. UBS Group increased their target price on shares of Universal Health Services from $124.00 to $134.00 and gave the company a sell rating in a research report on Monday, March 7th. Royal Bank of Canada decreased their target price on shares of Universal Health Services from $149.00 to $130.00 in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company decreased their target price on shares of Universal Health Services from $139.00 to $118.00 in a research report on Thursday, April 28th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $148.23.

Shares of UHS opened at $104.91 on Tuesday. The company has a 50 day moving average price of $124.13 and a 200-day moving average price of $132.41. Universal Health Services has a fifty-two week low of $99.54 and a fifty-two week high of $165.00. The stock has a market capitalization of $7.85 billion, a PE ratio of 9.19, a PEG ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 1.07.

Universal Health Services (NYSE:UHSGet Rating) last announced its quarterly earnings results on Monday, April 25th. The health services provider reported $2.15 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.32). Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the company posted $2.44 EPS. Universal Health Services’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that Universal Health Services will post 11.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were paid a $0.20 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.76%. Universal Health Services’s payout ratio is currently 7.01%.

Universal Health Services announced that its board has authorized a share buyback program on Thursday, February 24th that allows the company to repurchase $1.40 billion in outstanding shares. This repurchase authorization allows the health services provider to reacquire up to 12.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Universal Health Services by 1.9% in the first quarter. Vanguard Group Inc. now owns 7,856,010 shares of the health services provider’s stock worth $1,138,729,000 after acquiring an additional 146,820 shares during the period. BlackRock Inc. increased its stake in shares of Universal Health Services by 2.3% in the first quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock worth $728,594,000 after acquiring an additional 113,259 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Universal Health Services by 1.4% in the first quarter. First Eagle Investment Management LLC now owns 4,155,489 shares of the health services provider’s stock worth $602,338,000 after acquiring an additional 56,358 shares during the period. Invesco Ltd. increased its stake in shares of Universal Health Services by 3.9% in the first quarter. Invesco Ltd. now owns 3,957,991 shares of the health services provider’s stock worth $573,711,000 after acquiring an additional 146,774 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Universal Health Services by 15.6% in the fourth quarter. American Century Companies Inc. now owns 2,269,854 shares of the health services provider’s stock worth $294,310,000 after acquiring an additional 307,066 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

About Universal Health Services (Get Rating)

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.

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Analyst Recommendations for Universal Health Services (NYSE:UHS)

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