Universal Health Services (NYSE:UHS – Free Report) had its target price lifted by JPMorgan Chase & Co. from $182.00 to $186.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a neutral rating on the health services provider’s stock.
Several other research firms have also commented on UHS. Deutsche Bank Aktiengesellschaft lowered their price objective on Universal Health Services from $208.00 to $203.00 and set a buy rating on the stock in a research report on Friday, April 12th. The Goldman Sachs Group increased their price objective on Universal Health Services from $170.00 to $189.00 and gave the company a buy rating in a research note on Monday, March 4th. Stephens restated an equal weight rating and issued a $185.00 target price on shares of Universal Health Services in a report on Thursday, April 25th. TD Cowen increased their price target on Universal Health Services from $181.00 to $183.00 and gave the stock a hold rating in a report on Tuesday, April 30th. Finally, Barclays increased their price target on Universal Health Services from $181.00 to $189.00 and gave the stock an equal weight rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Universal Health Services presently has an average rating of Hold and a consensus target price of $188.60.
View Our Latest Stock Analysis on Universal Health Services
Universal Health Services Price Performance
Shares of NYSE UHS opened at $185.90 on Thursday. The business’s 50 day moving average price is $172.76 and its 200 day moving average price is $161.55. The firm has a market cap of $12.44 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.89 and a beta of 1.26. Universal Health Services has a 52 week low of $119.90 and a 52 week high of $186.65. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.75.
Universal Health Services (NYSE:UHS – Get Free Report) last issued its earnings results on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.56. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.78 billion. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. Universal Health Services’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 earnings per share. On average, sell-side analysts expect that Universal Health Services will post 13.64 earnings per share for the current year.
Universal Health Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 3rd. Universal Health Services’s dividend payout ratio (DPR) is presently 6.78%.
Insider Transactions at Universal Health Services
In other Universal Health Services news, CFO Steve Filton sold 35,000 shares of Universal Health Services 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 transaction, the chief financial officer now owns 68,785 shares of the company’s stock, valued at $12,162,563.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 16.10% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of UHS. NBC Securities Inc. purchased a new stake in shares of Universal Health Services in the third quarter valued at approximately $185,000. Victory Capital Management Inc. grew its position in Universal Health Services by 8.1% during the third quarter. Victory Capital Management Inc. now owns 25,321 shares of the health services provider’s stock valued at $3,184,000 after acquiring an additional 1,907 shares during the period. abrdn plc grew its position in Universal Health Services by 13.7% during the third quarter. abrdn plc now owns 18,674 shares of the health services provider’s stock valued at $2,348,000 after acquiring an additional 2,251 shares during the period. Jump Financial LLC purchased a new stake in Universal Health Services during the third quarter valued at about $330,000. Finally, Metis Global Partners LLC boosted its position in shares of Universal Health Services by 18.6% in the third quarter. Metis Global Partners LLC now owns 2,272 shares of the health services provider’s stock worth $286,000 after buying an additional 356 shares during the period. 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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Source: defenseworld.net
