Universal Health Services (NYSE:UHS) Reaches New 1-Year High at $190.50

Universal Health Services, Inc. (NYSE:UHSGet Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as $190.50 and last traded at $189.83, with a volume of 61067 shares trading hands. The stock had previously closed at $189.47.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com raised Universal Health Services from a “buy” rating to a “strong-buy” rating in a report on Friday. Baird R W upgraded shares of Universal Health Services to a “hold” rating in a report on Thursday, May 30th. Robert W. Baird began coverage on shares of Universal Health Services in a research note on Thursday, May 30th. They issued a “neutral” rating and a $198.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Universal Health Services from $208.00 to $203.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Finally, UBS Group upgraded shares of Universal Health Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $189.00 to $226.00 in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $190.43.

Read Our Latest Report on UHS

Universal Health Services Price Performance

The firm has a market capitalization of $12.55 billion, a PE ratio of 15.89, a P/E/G ratio of 0.93 and a beta of 1.29. The company has a 50-day moving average price of $173.56 and a 200-day moving average price of $163.45. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.38 and a quick ratio of 1.28.

Universal Health Services (NYSE:UHSGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The health services provider reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.56. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Universal Health Services had a net margin of 5.57% and a return on equity of 13.34%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $2.34 EPS. Sell-side analysts forecast that Universal Health Services, Inc. will post 13.76 EPS for the current year.

Universal Health Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, June 3rd. Universal Health Services’s dividend payout ratio (DPR) is 6.78%.

Hedge Funds Weigh In On Universal Health Services

Institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its holdings in Universal Health Services by 33.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,521 shares of the health services provider’s stock valued at $820,000 after buying an additional 1,138 shares during the period. Goldentree Asset Management LP purchased a new stake in Universal Health Services in the first quarter valued at approximately $21,378,000. Cetera Advisors LLC acquired a new position in Universal Health Services during the first quarter worth approximately $642,000. Cetera Investment Advisers raised its stake in Universal Health Services by 134.2% during the first quarter. Cetera Investment Advisers now owns 8,744 shares of the health services provider’s stock worth $1,595,000 after purchasing an additional 5,010 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Universal Health Services in the 1st quarter valued at $59,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

About Universal Health Services

(Get Free Report)

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

Further Reading

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