Credit Suisse Group reiterated their outperform rating on shares of Universal Health Services (NYSE:UHS) in a report released on Tuesday, The Fly reports. They currently have a $135.00 price objective on the health services provider’s stock, up from their previous price objective of $125.00.
Other analysts have also issued research reports about the company. BMO Capital Markets assumed coverage on Universal Health Services in a report on Monday, October 16th. They issued an outperform rating and a $125.00 target price for the company. Leerink Swann lifted their target price on Universal Health Services from $130.00 to $132.00 and gave the stock an outperform rating in a report on Friday, September 22nd. Royal Bank of Canada reissued a buy rating and issued a $126.00 target price on shares of Universal Health Services in a report on Friday, October 27th. TheStreet lowered Universal Health Services from a b rating to a c+ rating in a report on Monday, August 21st. Finally, KeyCorp reissued a buy rating and issued a $127.00 target price on shares of Universal Health Services in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $127.08.
Shares of Universal Health Services (NYSE:UHS) traded up $1.99 during trading hours on Tuesday, reaching $114.77. The company’s stock had a trading volume of 1,157,400 shares, compared to its average volume of 803,709. The stock has a market capitalization of $10,703.84, a PE ratio of 15.08, a price-to-earnings-growth ratio of 2.56 and a beta of 0.97. Universal Health Services has a 1-year low of $95.26 and a 1-year high of $129.74. The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 0.80.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 EPS. sell-side analysts predict that Universal Health Services will post 7.37 EPS for the current fiscal year.
Universal Health Services announced that its Board of Directors has approved a stock buyback program on Wednesday, November 15th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the health services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, November 30th. Universal Health Services’s payout ratio is currently 5.49%.
Several institutional investors and hedge funds have recently modified their holdings of UHS. Russell Investments Group Ltd. grew its holdings in shares of Universal Health Services by 12.0% in the second quarter. Russell Investments Group Ltd. now owns 19,916 shares of the health services provider’s stock worth $2,433,000 after acquiring an additional 2,141 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Universal Health Services by 7.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 304,135 shares of the health services provider’s stock worth $37,129,000 after acquiring an additional 22,168 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Universal Health Services in the second quarter worth $150,000. Dupont Capital Management Corp grew its holdings in shares of Universal Health Services by 6.4% in the second quarter. Dupont Capital Management Corp now owns 7,108 shares of the health services provider’s stock worth $868,000 after acquiring an additional 429 shares during the period. Finally, LMR Partners LLP bought a new stake in shares of Universal Health Services in the second quarter worth $319,000. 86.07% of the stock is owned by institutional investors.
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Universal Health Services Company Profile
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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