Universal Health Services’ (UHS) Equal Weight Rating Reaffirmed at Morgan Stanley
Morgan Stanley reaffirmed their equal weight rating on shares of Universal Health Services (NYSE:UHS) in a research note issued to investors on Friday. Morgan Stanley currently has a $124.00 price target on the health services provider’s stock, up from their previous price target of $122.00.
Other equities research analysts have also recently issued reports about the company. Wells Fargo & Co began coverage on Universal Health Services in a research note on Tuesday, January 30th. They issued an outperform rating and a $144.00 price objective for the company. Zacks Investment Research raised Universal Health Services from a hold rating to a buy rating and set a $135.00 price objective for the company in a research note on Wednesday, January 31st. Mizuho set a $137.00 price objective on Universal Health Services and gave the company a buy rating in a research note on Wednesday, January 24th. Stephens set a $120.00 price objective on Universal Health Services and gave the company a hold rating in a research note on Thursday. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a $130.00 price objective (up from $125.00) on shares of Universal Health Services in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $132.33.
Universal Health Services (NYSE:UHS) traded up $7.82 during mid-day trading on Friday, reaching $123.84. The company’s stock had a trading volume of 2,302,261 shares, compared to its average volume of 706,425. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 0.97. The firm has a market capitalization of $11,011.34, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.09 and a beta of 0.92. Universal Health Services has a one year low of $95.26 and a one year high of $128.49.
Universal Health Services declared that its board has approved a stock buyback program on Wednesday, November 15th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the health services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 0.32%. Universal Health Services’s payout ratio is 5.12%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in Universal Health Services during the 4th quarter worth $127,000. Crossmark Global Holdings Inc. acquired a new position in Universal Health Services during the 3rd quarter worth $205,000. Zeke Capital Advisors LLC acquired a new position in Universal Health Services during the 3rd quarter worth $228,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Universal Health Services by 43.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,280 shares of the health services provider’s stock worth $258,000 after purchasing an additional 694 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in Universal Health Services during the 4th quarter worth $293,000. 86.05% of the stock is owned by hedge funds and other institutional investors.
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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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