Universal Health Services (NYSE:UHS – Get Free Report) had its price target upped by investment analysts at Wells Fargo & Company from $195.00 to $200.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the health services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 9.61% from the company’s current price.
A number of other research analysts also recently issued reports on UHS. Citigroup boosted their price target on Universal Health Services from $170.00 to $193.00 and gave the company a “buy” rating in a report on Thursday, February 29th. TD Cowen boosted their price target on Universal Health Services from $140.00 to $181.00 and gave the company a “market perform” rating in a report on Friday, March 1st. JPMorgan Chase & Co. boosted their price target on Universal Health Services from $144.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. The Goldman Sachs Group boosted their price target on Universal Health Services from $170.00 to $189.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Cantor Fitzgerald boosted their price target on Universal Health Services from $148.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $176.29.
Get Our Latest Analysis on UHS
Universal Health Services Trading Up 0.3 %
Universal Health Services stock opened at $182.46 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.40 and a debt-to-equity ratio of 0.77. Universal Health Services has a 52 week low of $119.90 and a 52 week high of $183.61. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.87 and a beta of 1.23. The stock has a 50-day moving average price of $167.91 and a 200 day moving average price of $147.76.
Universal Health Services (NYSE:UHS – Get Free Report) last released its earnings results on Tuesday, February 27th. The health services provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.11. Universal Health Services had a return on equity of 12.08% and a net margin of 5.03%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the company posted $3.02 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Universal Health Services will post 13.39 EPS for the current year.
Insider Buying and Selling
In related news, CFO Steve Filton sold 35,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 68,785 shares in the company, valued at $12,162,563.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.40% of the stock is owned by company insiders.
Institutional Trading of Universal Health Services
Several large investors have recently made changes to their positions in UHS. Bessemer Group Inc. increased its position in shares of Universal Health Services by 76.4% during the fourth quarter. Bessemer Group Inc. now owns 187 shares of the health services provider’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in 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 buying an additional 79 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Universal Health Services by 42.8% in the 3rd 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. GAMMA Investing LLC purchased a new stake in Universal Health Services in the 4th quarter valued at $42,000. Finally, PCA Investment Advisory Services Inc. purchased a new stake in Universal Health Services in the 2nd quarter valued at $46,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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