Universal Health Services (UHS) Earns “Buy” Rating from Royal Bank of Canada

Universal Health Services (NYSE:UHS)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank of Canada in a report released on Thursday. They currently have a $134.00 price objective on the health services provider’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 18.80% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Piper Jaffray Companies reissued a “buy” rating and set a $117.00 price objective on shares of Universal Health Services in a research note on Friday, October 27th. Robert W. Baird reissued a “buy” rating and set a $122.00 price objective on shares of Universal Health Services in a research note on Friday, October 27th. Citigroup raised Universal Health Services from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. KeyCorp reissued a “buy” rating and set a $127.00 price objective on shares of Universal Health Services in a research note on Thursday, September 7th. Finally, Goldman Sachs Group started coverage on Universal Health Services in a research report on Wednesday. They set a “buy” rating and a $137.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $130.50.

Shares of Universal Health Services (NYSE UHS) traded down $0.62 during midday trading on Thursday, reaching $112.79. The company’s stock had a trading volume of 689,234 shares, compared to its average volume of 924,594. 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 52 week low of $95.26 and a 52 week high of $129.74. The company has a market capitalization of $10,710.00, a PE ratio of 15.51, a P/E/G ratio of 2.44 and a beta of 0.97.

Universal Health Services (NYSE:UHS) last issued 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 company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $1.60 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. equities analysts predict that Universal Health Services will post 7.36 EPS for the current year.

Universal Health Services declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 15th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the health services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 191,666 shares during the period. BlackRock Inc. boosted its holdings in shares of 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 purchasing an additional 29,943 shares during the period. Maverick Capital Ltd. boosted its holdings in shares of 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 purchasing an additional 473,763 shares during the period. FMR LLC boosted its holdings in shares of 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 purchasing an additional 204,558 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of 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 valued at $252,363,000 after purchasing an additional 14,573 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

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About Universal Health Services

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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