Piper Jaffray Companies reissued their buy rating on shares of Universal Health Services, Inc. (NYSE:UHS) in a research report sent to investors on Friday. They currently have a $117.00 price objective on the health services provider’s stock.
UHS has been the topic of several other research reports. Citigroup Inc. dropped their target price on Universal Health Services from $131.00 to $126.00 and set a neutral rating on the stock in a report on Wednesday, July 26th. Zacks Investment Research lowered Universal Health Services from a hold rating to a sell rating in a report on Tuesday, September 26th. BMO Capital Markets assumed coverage on Universal Health Services in a report on Monday, October 16th. They issued an outperform rating and a $125.00 target price on the stock. Robert W. Baird reissued a buy rating and issued a $122.00 target price on shares of Universal Health Services in a report on Friday. Finally, BidaskClub raised Universal Health Services from a strong sell rating to a sell rating in a report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $128.60.
Shares of Universal Health Services (NYSE UHS) opened at 103.49 on Friday. Universal Health Services has a 12 month low of $99.72 and a 12 month high of $129.74. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 14.07 and a beta of 1.03. The firm’s 50-day moving average price is $109.50 and its 200-day moving average price is $114.50.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.27). The company 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 firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 earnings per share. Equities research analysts expect that Universal Health Services will post $7.64 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its holdings in shares of Universal Health Services by 2.4% during the second quarter. Creative Planning now owns 1,152 shares of the health services provider’s stock worth $141,000 after buying an additional 27 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Universal Health Services by 262.4% during the second quarter. Grove Bank & Trust now owns 1,196 shares of the health services provider’s stock worth $146,000 after buying an additional 866 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of Universal Health Services during the second quarter worth about $150,000. Seven Bridges Advisors LLC purchased a new position in shares of Universal Health Services during the second quarter worth about $158,000. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Universal Health Services by 1.3% during the second quarter. Stratos Wealth Partners LTD. now owns 1,644 shares of the health services provider’s stock worth $201,000 after buying an additional 21 shares during the last quarter. 85.89% of the stock is currently owned by hedge funds and other institutional investors.
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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