Universal Health Services (NYSE:UHS – Get Rating) had its price objective lifted by equities researchers at Citigroup from $162.00 to $167.00 in a report released on Tuesday, The Fly reports. Citigroup’s price objective would indicate a potential upside of 16.03% from the stock’s current price.
Other research analysts also recently issued reports about the company. Seaport Res Ptn downgraded Universal Health Services from a “buy” rating to a “neutral” rating in a research note on Sunday. Barclays dropped their price objective on Universal Health Services from $160.00 to $141.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 21st. TheStreet raised Universal Health Services from a “c+” rating to a “b-” rating in a research note on Monday, December 27th. Finally, SVB Leerink boosted their price objective on Universal Health Services from $136.00 to $139.00 and gave the company a “market perform” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $151.67.
Shares of UHS opened at $143.93 on Tuesday. The company has a market capitalization of $11.57 billion, a PE ratio of 11.59, a PEG ratio of 1.64 and a beta of 1.18. Universal Health Services has a 12 month low of $116.23 and a 12 month high of $165.00. The stock’s 50-day moving average price is $131.59 and its two-hundred day moving average price is $135.02. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.
Universal Health Services (NYSE:UHS – Get Rating) last announced its earnings results on Thursday, February 24th. The health services provider reported $2.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.87 by $0.08. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.13 billion. Universal Health Services had a return on equity of 16.41% and a net margin of 8.52%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 EPS. Equities research analysts predict that Universal Health Services will post 11.72 EPS for the current fiscal year.
Universal Health Services announced that its Board of Directors has approved a share repurchase program on Thursday, February 24th that authorizes the company to buyback $1.40 billion in shares. This buyback authorization authorizes the health services provider to purchase up to 12.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of UHS. National Bank of Canada FI bought a new stake in Universal Health Services during the 4th quarter worth approximately $32,000. Quent Capital LLC bought a new stake in Universal Health Services during the 4th quarter worth approximately $43,000. CI Investments Inc. bought a new stake in Universal Health Services during the 3rd quarter worth approximately $45,000. Berman Capital Advisors LLC increased its holdings in Universal Health Services by 56.9% during the 3rd quarter. Berman Capital Advisors LLC now owns 422 shares of the health services provider’s stock worth $58,000 after purchasing an additional 153 shares in the last quarter. Finally, Covestor Ltd bought a new stake in Universal Health Services during the 4th quarter worth approximately $61,000. 85.17% of the stock is owned by hedge funds and other institutional investors.
About Universal Health Services (Get Rating)
Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.