Universal Health Services (UHS) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Universal Health Services (NYSE:UHS) from a neutral rating to a buy rating in a research report sent to investors on Tuesday, Marketbeat reports.

Other equities research analysts also recently issued reports about the company. Leerink Swann lifted their target price on Universal Health Services from $130.00 to $132.00 and gave the stock an outperform rating in a report on Friday, September 22nd. Morgan Stanley lowered their target price on Universal Health Services from $120.00 to $114.00 and set an equal weight rating for the company in a report on Thursday, August 17th. BMO Capital Markets assumed coverage on Universal Health Services in a report on Monday, October 16th. They set an outperform rating and a $125.00 price objective for the company. Royal Bank of Canada restated a buy rating and set a $126.00 price objective on shares of Universal Health Services in a report on Friday, October 27th. Finally, TheStreet downgraded Universal Health Services from a b rating to a c+ rating in a report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $126.31.

Shares of Universal Health Services (NYSE:UHS) opened at $113.44 on Tuesday. The firm has a market capitalization of $10,808.24, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 2.59 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 0.80. Universal Health Services has a 1-year low of $95.26 and a 1-year high of $129.74.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Universal Health Services’s payout ratio is 5.49%.

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

Large investors have recently made changes to their positions in the stock. Shell Asset Management Co. boosted its position in shares of Universal Health Services by 22.1% during the third quarter. Shell Asset Management Co. now owns 36,647 shares of the health services provider’s stock valued at $3,830,000 after buying an additional 6,645 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Universal Health Services by 1.7% during the second quarter. Prudential Financial Inc. now owns 208,367 shares of the health services provider’s stock valued at $25,437,000 after buying an additional 3,580 shares during the last quarter. Quantum Capital Management boosted its position in shares of Universal Health Services by 44.7% during the second quarter. Quantum Capital Management now owns 69,969 shares of the health services provider’s stock valued at $8,542,000 after buying an additional 21,614 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Universal Health Services by 54.6% during the third quarter. Victory Capital Management Inc. now owns 17,516 shares of the health services provider’s stock valued at $1,943,000 after buying an additional 6,189 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Universal Health Services by 15.2% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,572 shares of the health services provider’s stock valued at $2,634,000 after buying an additional 2,839 shares during the last quarter. 86.13% of the stock is currently owned by 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.

Analyst Recommendations for Universal Health Services (NYSE:UHS)

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