Universal Health Services (NYSE:UHS) Given New $118.00 Price Target at Wells Fargo & Company

Universal Health Services (NYSE:UHSGet Rating) had its price target cut by research analysts at Wells Fargo & Company from $139.00 to $118.00 in a research note issued on Thursday, The Fly reports. Wells Fargo & Company‘s price target would suggest a potential downside of 4.52% from the stock’s previous close.

A number of other brokerages have also recently weighed in on UHS. Credit Suisse Group decreased their price objective on Universal Health Services from $172.00 to $158.00 in a report on Wednesday. Mizuho raised their price objective on Universal Health Services from $151.00 to $164.00 and gave the company a “buy” rating in a report on Thursday, March 3rd. Seaport Res Ptn cut Universal Health Services from a “buy” rating to a “neutral” rating in a report on Sunday, February 27th. SVB Leerink raised their price objective on Universal Health Services from $136.00 to $139.00 and gave the company a “market perform” rating in a report on Monday, February 28th. Finally, UBS Group raised their price objective on Universal Health Services from $124.00 to $134.00 and gave the company a “sell” rating in a report on Monday, March 7th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Universal Health Services presently has a consensus rating of “Hold” and a consensus target price of $150.54.

NYSE:UHS opened at $123.59 on Thursday. The business’s 50-day moving average price is $145.03 and its two-hundred day moving average price is $134.75. Universal Health Services has a twelve month low of $116.23 and a twelve month high of $165.00. The stock has a market cap of $9.25 billion, a P/E ratio of 10.46, a PEG ratio of 1.31 and a beta of 1.06. The company has a quick ratio of 1.04, a current ratio of 1.14 and a debt-to-equity ratio of 0.67.

Universal Health Services (NYSE:UHSGet Rating) last released its quarterly earnings results 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 business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Universal Health Services had a net margin of 7.84% and a return on equity of 15.41%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.44 EPS. On average, equities research analysts expect that Universal Health Services will post 12.5 EPS for the current fiscal year.

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

In related news, Director Lawrence S. Gibbs sold 1,307 shares of Universal Health Services stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $153.00, for a total transaction of $199,971.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eileen C. Mcdonnell sold 296 shares of Universal Health Services stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $141.17, for a total value of $41,786.32. The disclosure for this sale can be found here. 13.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its holdings in Universal Health Services by 9.6% in the third quarter. Commonwealth Equity Services LLC now owns 3,969 shares of the health services provider’s stock worth $549,000 after acquiring an additional 349 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Universal Health Services by 8.5% in the third quarter. SG Americas Securities LLC now owns 10,024 shares of the health services provider’s stock worth $1,387,000 after acquiring an additional 789 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Universal Health Services by 20.8% in the third quarter. Victory Capital Management Inc. now owns 53,174 shares of the health services provider’s stock worth $7,358,000 after acquiring an additional 9,141 shares in the last quarter. Raymond James & Associates boosted its holdings in Universal Health Services by 7.0% in the third quarter. Raymond James & Associates now owns 133,611 shares of the health services provider’s stock worth $18,488,000 after acquiring an additional 8,691 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Universal Health Services by 8.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 11,439 shares of the health services provider’s stock worth $1,583,000 after acquiring an additional 844 shares in the last quarter. Institutional investors own 86.00% of the company’s stock.

Universal Health Services Company Profile (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.

Further Reading

The Fly logo

Analyst Recommendations for Universal Health Services (NYSE:UHS)

Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.com's FREE daily email newsletter.