KeyCorp restated their buy rating on shares of Universal Health Services, Inc. (NYSE:UHS) in a research report released on Thursday, September 7th. The brokerage currently has a $127.00 price objective on the health services provider’s stock.
Several other equities research analysts have also recently commented on UHS. Zacks Investment Research raised Universal Health Services from a sell rating to a hold rating in a report on Tuesday, August 8th. Morgan Stanley dropped their target price on Universal Health Services from $120.00 to $114.00 and set an equal weight rating on the stock in a report on Thursday, August 17th. BidaskClub lowered shares of Universal Health Services from a hold rating to a sell rating in a research report on Tuesday, August 1st. Piper Jaffray Companies restated a buy rating and issued a $134.00 price target on shares of Universal Health Services in a research report on Friday, July 28th. Finally, TheStreet lowered shares of Universal Health Services from a b rating to a c+ rating in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $134.55.
Shares of Universal Health Services (NYSE UHS) traded down 0.80% during trading on Thursday, reaching $110.67. The company’s stock had a trading volume of 661,309 shares. The stock has a 50 day moving average of $108.84 and a 200-day moving average of $117.47. The company has a market capitalization of $10.59 billion, a PE ratio of 15.05 and a beta of 1.07. Universal Health Services has a 1-year low of $99.72 and a 1-year high of $129.74.
Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.12). Universal Health Services had a net margin of 7.10% and a return on equity of 15.49%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm posted $1.94 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts expect that Universal Health Services will post $7.73 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, August 30th. Universal Health Services’s dividend payout ratio is 5.44%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new position in shares of Universal Health Services during the second quarter valued at about $4,932,000. Sentry Investment Management LLC raised its position in shares of Universal Health Services by 1.1% during the second quarter. Sentry Investment Management LLC now owns 6,848 shares of the health services provider’s stock valued at $836,000 after buying an additional 72 shares during the last quarter. Toronto Dominion Bank increased its stake in Universal Health Services by 25.7% in the second quarter. Toronto Dominion Bank now owns 30,293 shares of the health services provider’s stock valued at $3,698,000 after acquiring an additional 6,188 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Universal Health Services in the second quarter valued at about $608,000. Finally, Colony Group LLC increased its stake in Universal Health Services by 2.0% in the second quarter. Colony Group LLC now owns 73,820 shares of the health services provider’s stock valued at $9,012,000 after acquiring an additional 1,449 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.
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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