Goldman Sachs Group initiated coverage on shares of Universal Health Services (NYSE:UHS) in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $137.00 target price on the health services provider’s stock.
A number of other research analysts have also recently commented on the company. Royal Bank of Canada reissued a buy rating and issued a $126.00 target price on shares of Universal Health Services in a research note on Friday, October 27th. Citigroup reduced their target price on Universal Health Services from $126.00 to $114.00 and set a neutral rating on the stock in a research note on Friday, October 27th. Leerink Swann increased their target price on Universal Health Services from $130.00 to $132.00 and gave the company an outperform rating in a research note on Friday, September 22nd. KeyCorp reissued a buy rating and issued a $127.00 target price on shares of Universal Health Services in a research note on Thursday, September 7th. Finally, Credit Suisse Group reduced their target price on Universal Health Services from $126.00 to $125.00 and set an outperform rating on the stock in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $130.50.
Universal Health Services (UHS) traded down $0.82 on Wednesday, reaching $111.97. The company had a trading volume of 1,200,856 shares, compared to its average volume of 765,420. The company has a market capitalization of $10,626.96, a PE ratio of 14.97, a PEG ratio of 2.36 and a beta of 0.97. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80. Universal Health Services has a 1-year low of $95.26 and a 1-year high of $129.74.
Universal Health Services declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 15th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the health services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Universal Health Services’s dividend payout ratio (DPR) is currently 5.49%.
Several large investors have recently made changes to their positions in UHS. Janus Henderson Group PLC grew its stake in shares of Universal Health Services by 18,950.9% during 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 grew its stake in shares of Universal Health Services by 160.5% during 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. Orbimed Advisors LLC bought a new position in shares of Universal Health Services during the third quarter valued at about $74,219,000. Jana Partners LLC grew its stake in shares of Universal Health Services by 39.1% during the third quarter. Jana Partners LLC now owns 1,891,986 shares of the health services provider’s stock valued at $209,897,000 after buying an additional 531,358 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Universal Health Services during the second quarter valued at about $63,140,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.
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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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