Universal Health Services (NYSE:UHS) Stock Rating Lowered by TheStreet

Universal Health Services (NYSE:UHSGet Rating) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Tuesday, TheStreetRatingsTable reports.

Other analysts have also issued reports about the company. Wells Fargo & Company decreased their price target on Universal Health Services from $139.00 to $118.00 in a research note on Thursday, April 28th. SVB Leerink boosted their target price on shares of Universal Health Services from $136.00 to $139.00 and gave the company a “market perform” rating in a report on Monday, February 28th. Citigroup increased their price target on shares of Universal Health Services from $162.00 to $167.00 in a research note on Tuesday, March 1st. Loop Capital began coverage on shares of Universal Health Services in a research note on Thursday, June 16th. They set a “hold” rating and a $115.00 price objective for the company. Finally, Royal Bank of Canada cut their target price on Universal Health Services from $149.00 to $130.00 in a research report on Wednesday, April 27th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $148.23.

NYSE:UHS opened at $104.91 on Tuesday. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Universal Health Services has a 12-month low of $99.54 and a 12-month high of $165.00. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average is $124.13 and its two-hundred day moving average is $132.41.

Universal Health Services (NYSE:UHSGet Rating) last released its earnings results on Monday, April 25th. The health services provider reported $2.15 EPS 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 firm 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 firm posted $2.44 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Universal Health Services will post 11.38 earnings per share for the current fiscal year.

Universal Health Services announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 24th that permits the company to repurchase $1.40 billion in shares. This repurchase authorization permits the health services provider to reacquire up to 12.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management grew its stake in shares of Universal Health Services by 131.1% during the first quarter. Spire Wealth Management now owns 208 shares of the health services provider’s stock valued at $30,000 after acquiring an additional 118 shares in the last quarter. Parallel Advisors LLC increased its holdings in Universal Health Services by 50.6% during the 1st quarter. Parallel Advisors LLC now owns 244 shares of the health services provider’s stock worth $36,000 after purchasing an additional 82 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Universal Health Services in the 4th quarter valued at approximately $32,000. Quent Capital LLC purchased a new position in shares of Universal Health Services during the 4th quarter valued at approximately $43,000. Finally, Ancora Advisors LLC raised its holdings in Universal Health Services by 33.3% in the first quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock valued at $53,000 after acquiring an additional 100 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

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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