Zacks Investment Research upgraded shares of Universal Health Services, Inc. (NYSE:UHS) from a sell rating to a hold rating in a research report sent to investors on Tuesday, August 8th.
According to Zacks, “Universal Health’s robust inorganic growth has substantially contributed to strong revenue generation. Moreover, the U.S healthcare industry offers immense untapped opportunities given the rising numbers of baby boomers. Also, solid Acute-care Platform continues to perform well. However, its second-quarter 2017 earnings have missed the Zacks Consensus Estimate and remained flat year over year. Universal Health has also lowered its 2017 EPS guidance following the poor second-quarter results. The company is exposed to integration risks owing to several acquisitions. Further, its highly leveraged balance sheet is a major headwind. The company is also expected to witness margin contraction at both acute care and behavioral hospitals. Well reflective of the headwinds, over last one year, the company’s shares have significantly underperformed the broader industry.”
Other equities research analysts also recently issued research reports about the company. Piper Jaffray Companies reaffirmed a buy rating and set a $134.00 target price on shares of Universal Health Services in a report on Friday, July 28th. Morgan Stanley started coverage on Universal Health Services in a report on Tuesday, June 6th. They issued an equal weight rating and a $124.00 price target for the company. Citigroup Inc. decreased their price target on Universal Health Services from $131.00 to $126.00 and set a neutral rating for the company in a report on Wednesday, July 26th. Royal Bank Of Canada decreased their price target on Universal Health Services from $157.00 to $153.00 and set an outperform rating for the company in a report on Thursday, April 27th. Finally, BidaskClub downgraded Universal Health Services from a hold rating to a sell rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $135.90.
Universal Health Services (NYSE:UHS) traded up 0.76% during midday trading on Tuesday, hitting $107.99. 765,169 shares of the stock traded hands. The company has a 50-day moving average of $115.59 and a 200-day moving average of $118.77. Universal Health Services has a 12 month low of $99.72 and a 12 month high of $129.74. The stock has a market cap of $10.33 billion, a PE ratio of 14.68 and a beta of 1.06.
Universal Health Services (NYSE:UHS) last released its earnings results on Tuesday, July 25th. The health services provider reported $1.94 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by $0.12. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the firm earned $1.94 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Universal Health Services will post $7.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Wednesday, August 30th. Universal Health Services’s dividend payout ratio (DPR) is presently 5.44%.
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Universal Health Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 8,969,365 shares of the health services provider’s stock worth $1,094,982,000 after buying an additional 191,666 shares during the period. BlackRock Inc. boosted its stake in Universal Health Services by 0.5% in the second quarter. BlackRock Inc. now owns 6,656,148 shares of the health services provider’s stock worth $812,583,000 after buying an additional 29,943 shares during the period. Maverick Capital Ltd. boosted its stake in Universal Health Services by 9.6% in the second quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock worth $662,466,000 after buying an additional 473,763 shares during the period. FMR LLC boosted its stake in Universal Health Services by 4.6% in the second quarter. FMR LLC now owns 4,623,099 shares of the health services provider’s stock worth $564,387,000 after buying an additional 204,558 shares during the period. Finally, State Street Corp boosted its stake in Universal Health Services by 4.8% in the first quarter. State Street Corp now owns 4,124,375 shares of the health services provider’s stock worth $513,281,000 after buying an additional 190,047 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.
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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