Royal Bank Of Canada Issues Positive Forecast for Universal Health Services (NYSE:UHS) Stock Price

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Universal Health Services (NYSE:UHS - Get Free Report) had its target price increased by equities research analysts at Royal Bank Of Canada from $201.00 to $206.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "sector perform" rating on the health services provider's stock. Royal Bank Of Canada's target price would indicate a potential upside of 13.11% from the company's current price.

A number of other equities analysts have also recently issued reports on the company. Wall Street Zen cut Universal Health Services from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. UBS Group set a $227.00 price objective on Universal Health Services in a report on Wednesday, July 30th. Barclays boosted their target price on Universal Health Services from $257.00 to $259.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their target price on Universal Health Services from $215.00 to $195.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Finally, Robert W. Baird lowered their target price on Universal Health Services from $243.00 to $203.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Universal Health Services currently has an average rating of "Hold" and an average price target of $214.15.

Universal Health Services Stock Up 2.5%

Shares of UHS stock traded up $4.52 during trading hours on Tuesday, reaching $182.13. The company had a trading volume of 49,121 shares, compared to its average volume of 843,402. Universal Health Services has a 12 month low of $152.33 and a 12 month high of $243.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.29 and a quick ratio of 1.19. The business has a fifty day simple moving average of $173.42 and a 200-day simple moving average of $178.63. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.74 and a beta of 1.24.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The health services provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.85 by $0.50. Universal Health Services had a return on equity of 18.25% and a net margin of 7.66%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the previous year, the company posted $4.31 EPS. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts expect that Universal Health Services will post 15.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Health Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. boosted its stake in shares of Universal Health Services by 100.6% during the 2nd quarter. Nomura Holdings Inc. now owns 2,560 shares of the health services provider's stock worth $464,000 after acquiring an additional 426,211 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Universal Health Services during the 2nd quarter worth about $29,000. Rexford Capital Inc. purchased a new stake in shares of Universal Health Services during the 2nd quarter worth about $145,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Universal Health Services by 3.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 35,621 shares of the health services provider's stock worth $6,463,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Universal Health Services by 134.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,349 shares of the health services provider's stock worth $607,000 after acquiring an additional 1,921 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.