Universal Health Services (NYSE:UHS - Get Free Report) had its price objective lifted by investment analysts at Royal Bank of Canada from $183.00 to $189.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "sector perform" rating on the health services provider's stock. Royal Bank of Canada's price target would suggest a potential upside of 11.50% from the stock's current price.
Several other research firms have also recently commented on UHS. JPMorgan Chase & Co. raised their target price on shares of Universal Health Services from $144.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. TD Cowen lifted their price objective on Universal Health Services from $181.00 to $183.00 and gave the company a "hold" rating in a research report on Tuesday, April 30th. Stephens reissued an "equal weight" rating and issued a $185.00 target price on shares of Universal Health Services in a research report on Thursday, April 25th. Wells Fargo & Company lifted their price target on Universal Health Services from $195.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Finally, Citigroup increased their price objective on Universal Health Services from $170.00 to $193.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $183.20.
Read Our Latest Stock Report on Universal Health Services
Universal Health Services Trading Up 0.2 %
Shares of NYSE:UHS traded up $0.35 during midday trading on Tuesday, hitting $169.50. 646,404 shares of the stock traded hands, compared to its average volume of 603,362. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $11.39 billion, a PE ratio of 14.42, a P/E/G ratio of 0.84 and a beta of 1.26. Universal Health Services has a one year low of $119.90 and a one year high of $183.61. The business's 50 day moving average is $171.33 and its two-hundred day moving average is $155.51.
Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $3.14 by $0.56. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $2.34 EPS. The business's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, research analysts forecast that Universal Health Services will post 13.51 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Steve Filton sold 35,000 shares of Universal Health Services stock in a transaction on Friday, March 8th. The stock was sold at an average price of $176.82, for a total transaction of $6,188,700.00. Following the transaction, the chief financial officer now directly owns 68,785 shares in the company, valued at $12,162,563.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.10% of the company's stock.
Institutional Investors Weigh In On Universal Health Services
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. purchased a new position in Universal Health Services in the 1st quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its position in shares of Universal Health Services by 42.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider's stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Universal Health Services in the first quarter valued at $36,000. Denali Advisors LLC bought a new stake in Universal Health Services in the first quarter worth $37,000. Finally, GAMMA Investing LLC purchased a new stake in Universal Health Services during the fourth quarter valued at $42,000. Institutional investors own 86.05% of the company's stock.
About Universal Health Services
(
Get Free Report)
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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