Universal Health Services, Inc. (UHS) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of Universal Health Services, Inc. (NYSE:UHS) from a hold rating to a sell rating in a report issued on Friday morning.
According to Zacks, “Universal Health’s earnings of $1.94 per share missed the Zacks Consensus Estimate and remained flat year over year. The company is exposed to integration risks owing to several acquisitions. Further, its highly leveraged balance sheet is a major headwind. The company is also expected witness margin contraction at both acute care and behavioral hospitals. Well reflective of the headwinds, over last one year, the company’s shares have lost 15%, while the industry reported a decline of 3.4%. Nevertheless, its robust inorganic growth has substantially contributed to strong revenue generation. Moreover, the U.S healthcare industry offers immense untapped opportunities given the rising numbers of baby boomers. Also, solid Acute-care Platform continues to perform well.”
A number of other research analysts also recently issued reports on UHS. Deutsche Bank AG started coverage on Universal Health Services in a report on Tuesday, April 4th. They set a buy rating and a $145.00 price target on the stock. Piper Jaffray Companies reiterated an overweight rating and set a $147.00 target price on shares of Universal Health Services in a report on Monday, April 17th. Royal Bank Of Canada reduced their target price on Universal Health Services from $157.00 to $153.00 and set an outperform rating on the stock in a report on Thursday, April 27th. Morgan Stanley began coverage on Universal Health Services in a report on Tuesday, June 6th. They set an equal weight rating and a $124.00 target price on the stock. Finally, BidaskClub downgraded Universal Health Services from a sell rating to a strong sell rating in a report on Friday, June 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Universal Health Services presently has a consensus rating of Hold and an average target price of $136.90.
Shares of Universal Health Services (UHS) traded up 1.31% on Friday, reaching $112.28. The company’s stock had a trading volume of 414,403 shares. The company has a market cap of $10.81 billion, a P/E ratio of 15.27 and a beta of 1.08. Universal Health Services has a 12-month low of $99.72 and a 12-month high of $129.74. The company’s 50 day moving average price is $118.98 and its 200 day moving average price is $119.41.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by $0.12. Universal Health Services had a net margin of 7.10% and a return on equity of 15.49%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts forecast that Universal Health Services will post $7.80 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.36%. Universal Health Services’s dividend payout ratio (DPR) is presently 5.44%.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Universal Health Services by 2,820.7% in the first quarter. BlackRock Inc. now owns 6,626,205 shares of the health services provider’s stock worth $824,629,000 after buying an additional 6,399,332 shares during the period. FMR LLC raised its stake in shares of Universal Health Services by 24.3% in the first quarter. FMR LLC now owns 4,418,541 shares of the health services provider’s stock worth $549,888,000 after buying an additional 863,633 shares during the period. Jana Partners LLC raised its stake in shares of Universal Health Services by 19.3% in the first quarter. Jana Partners LLC now owns 2,449,017 shares of the health services provider’s stock worth $304,780,000 after buying an additional 397,047 shares during the period. Vanguard Group Inc. raised its stake in shares of Universal Health Services by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,777,699 shares of the health services provider’s stock worth $1,092,385,000 after buying an additional 255,063 shares during the period. Finally, Boston Partners raised its stake in shares of Universal Health Services by 23.6% in the first quarter. Boston Partners now owns 1,288,645 shares of the health services provider’s stock worth $160,372,000 after buying an additional 245,883 shares during the period. 85.98% of the stock is currently owned by institutional investors and hedge funds.
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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