Mizuho Cuts Universal Health Services (NYSE:UHS) Price Target to $153.00

Universal Health Services (NYSE:UHSGet Rating) had its price target reduced by research analysts at Mizuho from $164.00 to $153.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Mizuho’s price target suggests a potential upside of 25.16% from the company’s previous close.

A number of other equities analysts have also issued reports on UHS. Credit Suisse Group lowered their target price on shares of Universal Health Services from $172.00 to $158.00 in a research report on Wednesday, April 27th. Royal Bank of Canada lowered their target price on shares of Universal Health Services from $149.00 to $130.00 in a research report on Wednesday, April 27th. SVB Leerink lifted their price objective on shares of Universal Health Services from $136.00 to $139.00 and gave the company a “market perform” rating in a research report on Monday, February 28th. Seaport Res Ptn lowered shares of Universal Health Services from a “buy” rating to a “neutral” rating in a research report on Sunday, February 27th. Finally, Wells Fargo & Company lowered their price objective on shares of Universal Health Services from $139.00 to $118.00 in a research report on Thursday, April 28th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $149.69.

Shares of UHS opened at $122.24 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm has a market cap of $9.14 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.42 and a beta of 1.06. The company’s 50 day simple moving average is $144.33 and its 200-day simple moving average is $134.66. Universal Health Services has a 12-month low of $116.23 and a 12-month high of $165.00.

Universal Health Services (NYSE:UHSGet Rating) last announced its earnings results on Monday, April 25th. The health services provider reported $2.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.32). The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.44 earnings per share. As a group, equities research analysts forecast that Universal Health Services will post 12 EPS for the current fiscal year.

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

In other news, Director Lawrence S. Gibbs sold 1,307 shares of Universal Health Services stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eileen C. Mcdonnell sold 296 shares of Universal Health Services stock in a transaction on Monday, February 28th. The stock was 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. 15.40% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in UHS. Allspring Global Investments Holdings LLC acquired a new position in Universal Health Services in the 4th quarter valued at about $188,455,000. Nuance Investments LLC raised its stake in Universal Health Services by 150.6% in the 4th quarter. Nuance Investments LLC now owns 1,750,343 shares of the health services provider’s stock valued at $226,949,000 after purchasing an additional 1,051,850 shares during the last quarter. Norges Bank acquired a new position in Universal Health Services in the 4th quarter valued at about $92,187,000. Camber Capital Management LP raised its stake in Universal Health Services by 87.1% in the 3rd quarter. Camber Capital Management LP now owns 1,450,000 shares of the health services provider’s stock valued at $200,637,000 after purchasing an additional 675,000 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Universal Health Services by 14.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,099,131 shares of the health services provider’s stock valued at $531,493,000 after purchasing an additional 502,100 shares during the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

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.

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