Universal Health Services’ (UHS) “Buy” Rating Reiterated at Piper Jaffray Companies
Piper Jaffray Companies reissued their buy rating on shares of Universal Health Services, Inc. (NYSE:UHS) in a research note published on Friday morning. Piper Jaffray Companies currently has a $134.00 price target on the health services provider’s stock.
Several other analysts have also issued reports on UHS. Deutsche Bank AG initiated coverage on Universal Health Services in a report on Tuesday, April 4th. They set a buy rating and a $145.00 target price on the stock. 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 initiated 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. BidaskClub lowered Universal Health Services from a sell rating to a strong sell rating in a report on Friday, June 9th. Finally, Zacks Investment Research lowered Universal Health Services from a hold rating to a sell rating in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $136.90.
Universal Health Services (NYSE UHS) opened at 111.89 on Friday. The company has a market capitalization of $10.77 billion, a PE ratio of 15.21 and a beta of 1.08. Universal Health Services has a one year low of $99.72 and a one year high of $129.74. The firm’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 released its earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by $0.12. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.64 billion. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.94 earnings per share. Equities analysts forecast that Universal Health Services will post $7.80 earnings per share for the current fiscal year.
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 paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date is Wednesday, August 30th. Universal Health Services’s dividend payout ratio (DPR) is presently 5.44%.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in 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 valued at $824,629,000 after buying an additional 6,399,332 shares during the period. FMR LLC increased its position in 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 valued at $549,888,000 after buying an additional 863,633 shares in the last quarter. Jana Partners LLC increased its position in 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 valued at $304,780,000 after buying an additional 397,047 shares in the last quarter. Vanguard Group Inc. increased its position in 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 valued at $1,092,385,000 after buying an additional 255,063 shares in the last quarter. Finally, Boston Partners increased its position in 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 valued at $160,372,000 after buying an additional 245,883 shares in the last quarter. 85.98% of the stock is currently owned by institutional investors and hedge funds.
About Universal Health Services
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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