Universal Health Services’ (UHS) Outperform Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of Universal Health Services (NYSE:UHS) in a research report sent to investors on Tuesday, The Fly reports. Credit Suisse Group currently has a $135.00 price target on the health services provider’s stock, up from their prior price target of $125.00.

A number of other research firms have also recently issued reports on UHS. Royal Bank of Canada reaffirmed a buy rating and issued a $147.00 price target on shares of Universal Health Services in a report on Tuesday, October 3rd. Citigroup raised shares of Universal Health Services from a neutral rating to a buy rating in a report on Tuesday, December 12th. Leerink Swann raised their price target on shares of Universal Health Services from $130.00 to $132.00 and gave the stock an outperform rating in a report on Friday, September 22nd. KeyCorp reaffirmed a buy rating and issued a $127.00 price target on shares of Universal Health Services in a report on Thursday, September 7th. Finally, Zacks Investment Research cut shares of Universal Health Services from a hold rating to a sell rating in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $127.08.

Universal Health Services (NYSE UHS) opened at $115.06 on Tuesday. The stock has a market cap of $10,703.84, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 2.56 and a beta of 0.97. Universal Health Services has a fifty-two week low of $95.26 and a fifty-two week high of $129.74. The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 0.80.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 EPS. sell-side analysts expect that Universal Health Services will post 7.37 EPS for the current year.

Universal Health Services declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 15th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the health services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Universal Health Services’s dividend payout ratio (DPR) is presently 5.49%.

Several institutional investors have recently modified their holdings of UHS. Russell Investments Group Ltd. raised its holdings in shares of Universal Health Services by 12.0% during the second quarter. Russell Investments Group Ltd. now owns 19,916 shares of the health services provider’s stock worth $2,433,000 after purchasing an additional 2,141 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Universal Health Services by 7.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 304,135 shares of the health services provider’s stock valued at $37,129,000 after buying an additional 22,168 shares during the period. First Mercantile Trust Co. acquired a new stake in Universal Health Services during the second quarter valued at $150,000. Dupont Capital Management Corp grew its position in Universal Health Services by 6.4% during the second quarter. Dupont Capital Management Corp now owns 7,108 shares of the health services provider’s stock valued at $868,000 after buying an additional 429 shares during the period. Finally, LMR Partners LLP acquired a new stake in Universal Health Services during the second quarter valued at $319,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Universal Health Services (NYSE:UHS)

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