Universal Health Services (NYSE:UHS) Price Target Raised to $198.00 at Barclays

Universal Health Services (NYSE:UHSGet Free Report) had its price objective raised by analysts at Barclays from $189.00 to $198.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the health services provider’s stock. Barclays‘s price objective suggests a potential upside of 9.89% from the company’s previous close.

A number of other research firms also recently weighed in on UHS. Cantor Fitzgerald restated an “underweight” rating and set a $162.00 price target on shares of Universal Health Services in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Universal Health Services from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Robert W. Baird upgraded Universal Health Services from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $198.00 to $236.00 in a report on Wednesday, June 26th. UBS Group upgraded Universal Health Services from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $189.00 to $226.00 in a report on Monday, May 20th. Finally, Royal Bank of Canada lifted their price objective on Universal Health Services from $183.00 to $189.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.21.

Check Out Our Latest Analysis on UHS

Universal Health Services Price Performance

Shares of UHS stock traded down $0.77 on Wednesday, reaching $180.18. The company’s stock had a trading volume of 707,179 shares, compared to its average volume of 612,849. 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 has a 12-month low of $119.90 and a 12-month high of $194.02. The company has a market capitalization of $12.06 billion, a P/E ratio of 15.27, a PEG ratio of 0.86 and a beta of 1.28. The stock’s 50 day simple moving average is $182.36 and its 200-day simple moving average is $171.06.

Universal Health Services (NYSE:UHSGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.56. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the business posted $2.34 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts predict that Universal Health Services will post 13.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Health Services

Several large investors have recently made changes to their positions in UHS. NBC Securities Inc. raised its holdings in Universal Health Services by 403.2% in the 2nd quarter. NBC Securities Inc. now owns 7,321 shares of the health services provider’s stock worth $1,353,000 after acquiring an additional 5,866 shares during the last quarter. CWM LLC raised its holdings in Universal Health Services by 31.6% in the 2nd quarter. CWM LLC now owns 942 shares of the health services provider’s stock worth $174,000 after acquiring an additional 226 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new position in Universal Health Services in the 2nd quarter worth approximately $368,000. Versant Capital Management Inc raised its holdings in Universal Health Services by 1,025.9% in the 2nd quarter. Versant Capital Management Inc now owns 304 shares of the health services provider’s stock worth $56,000 after acquiring an additional 277 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in Universal Health Services by 27.3% in the 2nd quarter. DNB Asset Management AS now owns 10,762 shares of the health services provider’s stock worth $1,990,000 after acquiring an additional 2,310 shares during the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Universal Health Services Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Universal Health Services (NYSE:UHS)

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