Universal Health Services (NYSE:UHS) PT Raised to $117.00

Universal Health Services (NYSE:UHS) had its target price raised by Piper Sandler from $113.00 to $117.00 in a report released on Wednesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the health services provider’s stock. Piper Sandler also issued estimates for Universal Health Services’ Q3 2020 earnings at $2.03 EPS, Q4 2020 earnings at $2.70 EPS, Q1 2021 earnings at $2.59 EPS, Q2 2021 earnings at $2.66 EPS, Q3 2021 earnings at $2.27 EPS, Q4 2021 earnings at $2.73 EPS, FY2021 earnings at $10.25 EPS, Q1 2022 earnings at $2.68 EPS, Q2 2022 earnings at $2.98 EPS and FY2022 earnings at $11.51 EPS.

Several other equities analysts have also issued reports on UHS. Mizuho reduced their target price on Universal Health Services from $136.00 to $130.00 and set a buy rating for the company in a report on Friday, May 29th. Credit Suisse Group upped their target price on Universal Health Services from $139.00 to $140.00 and gave the company an outperform rating in a report on Wednesday. Royal Bank of Canada reaffirmed a buy rating on shares of Universal Health Services in a report on Thursday, April 30th. ValuEngine raised Universal Health Services from a sell rating to a hold rating in a report on Thursday, July 2nd. Finally, Barclays raised Universal Health Services from an equal weight rating to an overweight rating and set a $138.00 target price for the company in a report on Tuesday, June 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $137.33.

Shares of UHS opened at $109.90 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.02. The stock has a 50 day moving average price of $96.99 and a two-hundred day moving average price of $110.10. The firm has a market capitalization of $9.52 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.82 and a beta of 1.05. Universal Health Services has a 52 week low of $65.20 and a 52 week high of $157.06.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Monday, July 27th. The health services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $2.20. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.47 billion. Universal Health Services had a return on equity of 14.75% and a net margin of 6.53%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.76 EPS. On average, equities analysts forecast that Universal Health Services will post 7.69 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its stake in Universal Health Services by 1.6% in the second quarter. CIBC Asset Management Inc now owns 7,171 shares of the health services provider’s stock valued at $666,000 after purchasing an additional 116 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Universal Health Services by 1.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 7,669 shares of the health services provider’s stock worth $760,000 after acquiring an additional 118 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Universal Health Services by 0.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 50,893 shares of the health services provider’s stock worth $5,045,000 after acquiring an additional 148 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Universal Health Services by 0.9% during the first quarter. Xact Kapitalforvaltning AB now owns 17,097 shares of the health services provider’s stock worth $1,694,000 after acquiring an additional 160 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Universal Health Services during the fourth quarter worth $7,173,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

Further Reading: Secondary Public Offerings

Analyst Recommendations for Universal Health Services (NYSE:UHS)

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