Universal Health Services (NYSE:UHS) Receives New Coverage from Analysts at Loop Capital

Research analysts at Loop Capital started coverage on shares of Universal Health Services (NYSE:UHSGet Rating) in a research note issued on Thursday, The Fly reports. The brokerage set a “hold” rating on the health services provider’s stock.

A number of other equities research analysts have also issued reports on the company. SVB Leerink boosted their target price on Universal Health Services from $136.00 to $139.00 and gave the stock a “market perform” rating in a research report on Monday, February 28th. Royal Bank of Canada dropped their price target on Universal Health Services from $149.00 to $130.00 in a research report on Wednesday, April 27th. Credit Suisse Group dropped their price target on Universal Health Services to $156.00 in a research report on Friday, June 3rd. UBS Group upped their target price on Universal Health Services from $124.00 to $134.00 and gave the stock a “sell” rating in a research report on Monday, March 7th. Finally, Wells Fargo & Company dropped their target price on Universal Health Services from $139.00 to $118.00 in a research report on Thursday, April 28th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $151.00.

Shares of Universal Health Services stock traded down $3.90 during trading on Thursday, hitting $101.54. The stock had a trading volume of 38,470 shares, compared to its average volume of 727,385. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market cap of $7.60 billion, a P/E ratio of 8.90, a PEG ratio of 2.46 and a beta of 1.10. The business has a fifty day moving average of $128.52 and a two-hundred day moving average of $132.98. Universal Health Services has a fifty-two week low of $103.68 and a fifty-two week high of $165.00.

Universal Health Services (NYSE:UHSGet Rating) last announced its quarterly earnings data on Monday, April 25th. The health services provider reported $2.15 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.32). The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.24 billion. Universal Health Services had a net margin of 7.25% and a return on equity of 15.06%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. As a group, research analysts forecast that Universal Health Services will post 11.38 earnings per share for the current year.

Universal Health Services announced that its Board of Directors has approved a share buyback program on Thursday, February 24th that permits the company to repurchase $1.40 billion in shares. This repurchase authorization permits the health services provider to buy up to 12.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Several hedge funds have recently made changes to their positions in UHS. Spire Wealth Management raised its holdings in shares of Universal Health Services by 131.1% in the 1st quarter. Spire Wealth Management now owns 208 shares of the health services provider’s stock worth $30,000 after buying an additional 118 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Universal Health Services in the 4th quarter worth approximately $32,000. Parallel Advisors LLC raised its holdings in shares of Universal Health Services by 50.6% in the 1st quarter. Parallel Advisors LLC now owns 244 shares of the health services provider’s stock worth $36,000 after buying an additional 82 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Universal Health Services in the 4th quarter worth approximately $43,000. Finally, Ancora Advisors LLC raised its holdings in shares of Universal Health Services by 33.3% in the 1st quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock worth $53,000 after buying an additional 100 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

About Universal Health Services (Get Rating)

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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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