Universal Health Services (UHS) Now Covered by Analysts at Wells Fargo & Co

Equities research analysts at Wells Fargo & Co initiated coverage on shares of Universal Health Services (NYSE:UHS) in a report issued on Tuesday, Marketbeat reports. The brokerage set an “outperform” rating and a $144.00 price target on the health services provider’s stock. Wells Fargo & Co’s target price would suggest a potential upside of 26.83% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Mizuho set a $137.00 target price on shares of Universal Health Services and gave the stock a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Universal Health Services from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Royal Bank of Canada restated a “buy” rating and issued a $134.00 price target on shares of Universal Health Services in a research note on Thursday, January 4th. Goldman Sachs Group assumed coverage on Universal Health Services in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $137.00 price target for the company. Finally, Piper Jaffray Companies downgraded Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 price target for the company. in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $131.20.

Universal Health Services (NYSE:UHS) traded down $5.76 during trading on Tuesday, reaching $113.54. 1,033,205 shares of the company traded hands, compared to its average volume of 900,200. The stock has a market cap of $11,322.64, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.41 and a beta of 0.88. Universal Health Services has a one year low of $95.26 and a one year high of $129.74. 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 declared that its board has approved a share repurchase plan on Wednesday, November 15th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the health services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Maverick Capital Ltd. boosted its position in shares of Universal Health Services by 9.6% during the 2nd quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock valued at $662,466,000 after acquiring an additional 473,763 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Universal Health Services by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 2,274,770 shares of the health services provider’s stock valued at $252,363,000 after acquiring an additional 14,573 shares during the last quarter. Glenview Capital Management LLC boosted its position in shares of Universal Health Services by 15.1% during the 2nd quarter. Glenview Capital Management LLC now owns 1,973,545 shares of the health services provider’s stock valued at $240,930,000 after acquiring an additional 259,081 shares during the last quarter. Jana Partners LLC boosted its position in shares of Universal Health Services by 39.1% during the 3rd quarter. Jana Partners LLC now owns 1,891,986 shares of the health services provider’s stock valued at $209,897,000 after acquiring an additional 531,358 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Universal Health Services by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,863,023 shares of the health services provider’s stock valued at $204,430,000 after acquiring an additional 59,824 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

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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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