Universal Health Services, Inc. (UHS) Earns “Buy” Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of Universal Health Services, Inc. (NYSE:UHS) in a report released on Friday. The brokerage currently has a $126.00 price target on the health services provider’s stock.

Several other research firms also recently weighed in on UHS. Zacks Investment Research downgraded Universal Health Services from a buy rating to a hold rating in a research report on Thursday, July 13th. BidaskClub raised Universal Health Services from a strong sell rating to a sell rating in a research report on Thursday, June 29th. Citigroup Inc. dropped their target price on Universal Health Services from $131.00 to $126.00 and set a neutral rating for the company in a research report on Wednesday, July 26th. Piper Jaffray Companies reaffirmed a buy rating and issued a $134.00 target price on shares of Universal Health Services in a research report on Friday, July 28th. Finally, Leerink Swann lifted their target price on Universal Health Services from $130.00 to $132.00 and gave the company an outperform rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Universal Health Services presently has an average rating of Hold and an average target price of $128.60.

Shares of Universal Health Services (UHS) opened at 103.49 on Friday. Universal Health Services has a 1-year low of $99.72 and a 1-year high of $129.74. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 14.07 and a beta of 1.03. The company has a 50-day moving average of $109.50 and a 200-day moving average of $114.50.

Universal Health Services (NYSE:UHS) last released its earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.27). The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.60 billion. Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. On average, equities research analysts expect that Universal Health Services will post $7.64 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in Universal Health Services by 18,950.9% in the second quarter. Janus Henderson Group PLC now owns 2,260,197 shares of the health services provider’s stock valued at $275,926,000 after buying an additional 2,248,333 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Universal Health Services by 160.5% in the second quarter. Wells Fargo & Company MN now owns 1,445,313 shares of the health services provider’s stock valued at $176,443,000 after buying an additional 890,490 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Universal Health Services in the second quarter valued at approximately $63,140,000. Maverick Capital Ltd. lifted 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 valued at $662,466,000 after buying an additional 473,763 shares during the last quarter. Finally, Glenview Capital Management LLC lifted its stake in Universal Health Services by 15.1% in the second quarter. Glenview Capital Management LLC now owns 1,973,545 shares of the health services provider’s stock valued at $240,930,000 after buying an additional 259,081 shares during the last quarter. Hedge funds and other institutional investors own 85.89% of the company’s stock.

About Universal Health Services

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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