Shares of Universal Health Services, Inc. (NYSE:UHS – Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $177.84 and traded as high as $197.63. Universal Health Services shares last traded at $196.1860, with a volume of 1,781,884 shares.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Leerink Partners upped their price target on Universal Health Services from $198.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, September 18th. Raymond James Financial reaffirmed a “market perform” rating on shares of Universal Health Services in a report on Thursday, October 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $183.00 target price on shares of Universal Health Services in a research note on Thursday, August 20th. Wells Fargo & Company lifted their price objective on Universal Health Services from $166.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Robert W. Baird lowered their target price on shares of Universal Health Services from $166.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Universal Health Services has an average rating of “Hold” and an average price target of $201.00.
View Our Latest Stock Report on Universal Health Services
Universal Health Services Price Performance
The company has a 50 day simple moving average of $177.84 and a 200 day simple moving average of $177.06. The stock has a market cap of $11.56 billion, a P/E ratio of 8.21, a PEG ratio of 1.85 and a beta of 1.11. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 0.73.
Universal Health Services (NYSE:UHS – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The health services provider reported $5.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $0.03. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.71 billion. Universal Health Services had a net margin of 7.96% and a return on equity of 18.39%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $5.69 EPS. Sell-side analysts forecast that Universal Health Services, Inc. will post 22.63 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Universal Health Services
Institutional investors and hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC lifted its stake in shares of Universal Health Services by 2.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 4,554,670 shares of the health services provider’s stock valued at $677,234,000 after acquiring an additional 130,389 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Universal Health Services by 32.4% in the 3rd quarter. Pzena Investment Management LLC now owns 2,607,221 shares of the health services provider’s stock worth $454,334,000 after purchasing an additional 637,894 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Universal Health Services by 12.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,781,262 shares of the health services provider’s stock valued at $318,812,000 after buying an additional 192,351 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Universal Health Services by 1.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,226,577 shares of the health services provider’s stock worth $219,520,000 after purchasing an additional 20,577 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Universal Health Services by 6.0% during the 1st quarter. Lazard Asset Management LLC now owns 374,155 shares of the health services provider’s stock worth $66,963,000 after buying an additional 21,333 shares during the period. 86.05% of the stock is owned by institutional investors.
About Universal Health Services
Universal Health Services, Inc (NYSE: UHS) is a healthcare services company that owns and operates hospitals, outpatient facilities and other healthcare providers. Its operations are focused primarily on acute care and behavioral health services.
The company’s acute care operations include general and specialty hospitals, ambulatory surgery centers, emergency departments, physician practices and other outpatient services. Its behavioral health business provides inpatient and outpatient treatment for mental health conditions, substance-use disorders and related needs.
Universal Health Services serves patients across the United States and Puerto Rico, with additional behavioral health operations in the United Kingdom.
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