Universal Health Services (NYSE:UHS) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of Universal Health Services (NYSE:UHSFree Report) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

UHS has been the topic of a number of other research reports. Royal Bank of Canada upped their price target on Universal Health Services from $183.00 to $189.00 and gave the company a sector perform rating in a research report on Tuesday, May 7th. Citigroup upped their target price on Universal Health Services from $170.00 to $193.00 and gave the company a buy rating in a report on Thursday, February 29th. JPMorgan Chase & Co. lifted their price target on shares of Universal Health Services from $182.00 to $186.00 and gave the company a neutral rating in a report on Thursday, May 30th. Cantor Fitzgerald restated an underweight rating and issued a $156.00 price objective on shares of Universal Health Services in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lifted their target price on shares of Universal Health Services from $195.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $190.43.

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Universal Health Services Stock Down 1.0 %

Shares of Universal Health Services stock opened at $187.53 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.28 and a current ratio of 1.38. Universal Health Services has a 52-week low of $119.90 and a 52-week high of $190.49. The company’s 50 day moving average price is $173.56 and its 200-day moving average price is $163.45. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 0.93 and a beta of 1.29.

Universal Health Services (NYSE:UHSGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The health services provider reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.56. Universal Health Services had a net margin of 5.57% and a return on equity of 13.34%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm earned $2.34 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Equities research analysts forecast that Universal Health Services will post 13.76 EPS for the current year.

Universal Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 3rd. Universal Health Services’s dividend payout ratio (DPR) is 6.78%.

Hedge Funds Weigh In On Universal Health Services

Several large investors have recently modified their holdings of UHS. Vanguard Group Inc. grew its position in Universal Health Services by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,099,282 shares of the health services provider’s stock valued at $1,295,335,000 after purchasing an additional 57,036 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Universal Health Services by 4.1% during the third quarter. Invesco Ltd. now owns 3,398,974 shares of the health services provider’s stock valued at $427,353,000 after buying an additional 134,122 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Universal Health Services by 5.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,071,022 shares of the health services provider’s stock valued at $315,707,000 after acquiring an additional 103,802 shares in the last quarter. American Century Companies Inc. raised its holdings in Universal Health Services by 12.9% in the 3rd quarter. American Century Companies Inc. now owns 1,707,708 shares of the health services provider’s stock worth $214,710,000 after acquiring an additional 195,650 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Universal Health Services by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,090,010 shares of the health services provider’s stock valued at $137,047,000 after acquiring an additional 37,243 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

About Universal Health Services

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Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's 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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