Universal Health Services, Inc. Class B (UHS) Raised to Buy at Bank of America

Universal Health Services, Inc. Class B (NYSE:UHS) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Tuesday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Barclays began coverage on shares of Universal Health Services, Inc. Class B in a research note on Tuesday, August 14th. They issued an “equal weight” rating and a $135.00 price target for the company. Zacks Investment Research cut shares of Universal Health Services, Inc. Class B from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. ValuEngine upgraded shares of Universal Health Services, Inc. Class B from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Morgan Stanley increased their price target on shares of Universal Health Services, Inc. Class B from $122.00 to $134.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 5th. Finally, Goldman Sachs Group cut shares of Universal Health Services, Inc. Class B from a “buy” rating to a “neutral” rating and set a $120.00 price target for the company. in a research note on Wednesday, July 18th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $133.73.

Shares of UHS stock opened at $126.03 on Tuesday. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.19 and a beta of 0.86. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.72. Universal Health Services, Inc. Class B has a one year low of $95.26 and a one year high of $130.25.

Universal Health Services, Inc. Class B (NYSE:UHS) last announced its quarterly earnings results on Wednesday, July 25th. The health services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.08. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Universal Health Services, Inc. Class B had a net margin of 7.68% and a return on equity of 15.74%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. equities research analysts predict that Universal Health Services, Inc. Class B will post 9.51 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of UHS. FMR LLC raised its position in shares of Universal Health Services, Inc. Class B by 16.9% in the second quarter. FMR LLC now owns 4,123,674 shares of the health services provider’s stock valued at $459,542,000 after purchasing an additional 596,965 shares during the period. Epoch Investment Partners Inc. raised its position in shares of Universal Health Services, Inc. Class B by 73.1% in the first quarter. Epoch Investment Partners Inc. now owns 925,350 shares of the health services provider’s stock valued at $109,571,000 after purchasing an additional 390,659 shares during the period. Schroder Investment Management Group raised its position in shares of Universal Health Services, Inc. Class B by 59.6% in the second quarter. Schroder Investment Management Group now owns 871,479 shares of the health services provider’s stock valued at $54,485,000 after purchasing an additional 325,354 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in shares of Universal Health Services, Inc. Class B by 390.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 372,297 shares of the health services provider’s stock valued at $44,083,000 after purchasing an additional 296,429 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Universal Health Services, Inc. Class B in the second quarter valued at about $31,649,000. 87.35% of the stock is currently owned by institutional investors.

About Universal Health Services, Inc. Class B

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

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Analyst Recommendations for Universal Health Services, Inc. Class B (NYSE:UHS)

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