Universal Health Services (NYSE:UHS – Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, Benzinga reports. The brokerage presently has a $177.00 price target on the health services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 16.11% from the stock’s current price.
Several other brokerages have also recently issued reports on UHS. Barclays restated an “equal weight” rating and issued a $142.00 target price on shares of Universal Health Services in a report on Thursday, September 21st. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $148.00 price objective on shares of Universal Health Services in a report on Thursday, September 14th. The Goldman Sachs Group upgraded Universal Health Services from a “sell” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Monday, December 11th. JPMorgan Chase & Co. decreased their target price on Universal Health Services from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, November 17th. Finally, StockNews.com downgraded Universal Health Services from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $159.07.
Read Our Latest Stock Report on UHS
Universal Health Services Stock Down 0.2 %
Shares of NYSE UHS opened at $152.44 on Tuesday. Universal Health Services has a 1 year low of $113.69 and a 1 year high of $158.57. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.52 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.38 and a quick ratio of 1.28. The business has a 50-day moving average of $138.00 and a two-hundred day moving average of $137.24.
Universal Health Services (NYSE:UHS – Get Free Report) last posted its earnings results on Wednesday, October 25th. The health services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.21. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Universal Health Services had a return on equity of 12.23% and a net margin of 4.82%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.54 earnings per share. On average, analysts forecast that Universal Health Services will post 10.34 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Universal Health Services
Hedge funds and other institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC increased its holdings in shares of Universal Health Services by 45.4% in the 1st quarter. Belpointe Asset Management LLC now owns 253 shares of the health services provider’s stock valued at $32,000 after purchasing an additional 79 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Universal Health Services by 42.8% in the third quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider’s stock valued at $34,000 after buying an additional 80 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Universal Health Services by 76.4% during the 4th quarter. Bessemer Group Inc. now owns 187 shares of the health services provider’s stock valued at $26,000 after acquiring an additional 81 shares during the period. Brinker Capital Investments LLC boosted its stake in shares of Universal Health Services by 2.5% during the 1st quarter. Brinker Capital Investments LLC now owns 3,375 shares of the health services provider’s stock worth $489,000 after acquiring an additional 83 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Universal Health Services by 9.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,004 shares of the health services provider’s stock worth $126,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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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