Credit Suisse Group restated their outperform rating on shares of Universal Health Services (NYSE:UHS) in a report released on Tuesday morning. Credit Suisse Group currently has a $135.00 price target on the health services provider’s stock, up from their previous price target of $125.00.

UHS has been the topic of several other reports. Piper Jaffray Companies reissued a buy rating and set a $117.00 price target on shares of Universal Health Services in a research note on Friday, October 27th. Zacks Investment Research cut shares of Universal Health Services from a hold rating to a sell rating in a research note on Tuesday, September 26th. BMO Capital Markets assumed coverage on shares of Universal Health Services in a research note on Monday, October 16th. They set an outperform rating and a $125.00 price target on the stock. Robert W. Baird reissued a buy rating and set a $122.00 price target on shares of Universal Health Services in a research note on Friday, October 27th. Finally, Stephens assumed coverage on shares of Universal Health Services in a research note on Wednesday, October 11th. They set an equal weight rating and a $120.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $127.08.

Shares of Universal Health Services (UHS) opened at $113.04 on Tuesday. The firm has a market cap of $10,736.11, a P/E ratio of 15.12, a PEG ratio of 2.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.26. Universal Health Services has a fifty-two week low of $95.26 and a fifty-two week high of $129.74.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Wednesday, October 25th. The health services provider reported $1.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.27). Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the business posted $1.60 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts forecast that Universal Health Services will post 7.37 EPS for the current year.

Universal Health Services declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the health services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. Universal Health Services’s payout ratio is presently 5.49%.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Universal Health Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 8,969,365 shares of the health services provider’s stock valued at $1,094,982,000 after acquiring an additional 191,666 shares during the last quarter. BlackRock Inc. boosted its stake in Universal Health Services by 0.5% in the second quarter. BlackRock Inc. now owns 6,656,148 shares of the health services provider’s stock valued at $812,583,000 after acquiring an additional 29,943 shares during the last quarter. Maverick Capital Ltd. boosted its stake in Universal Health Services by 9.6% in the second quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock valued at $662,466,000 after acquiring an additional 473,763 shares during the last quarter. FMR LLC boosted its stake in Universal Health Services by 4.6% in the second quarter. FMR LLC now owns 4,623,099 shares of the health services provider’s stock valued at $564,387,000 after acquiring an additional 204,558 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Universal Health Services by 0.6% in the third quarter. Janus Henderson Group PLC now owns 2,274,770 shares of the health services provider’s stock worth $252,363,000 after purchasing an additional 14,573 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Universal Health Services’ (UHS) “Outperform” Rating Reaffirmed at Credit Suisse Group” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/universal-health-services-uhs-outperform-rating-reaffirmed-at-credit-suisse-group/1774388.html.

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.

Analyst Recommendations for Universal Health Services (NYSE:UHS)

Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.com's FREE daily email newsletter.