Universal Health Services, Inc. (NYSE:UHS – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $151.27, but opened at $158.98. Universal Health Services shares last traded at $161.1570, with a volume of 130,954 shares.
Analysts Set New Price Targets
UHS has been the subject of a number of recent research reports. TD Cowen lowered their price objective on Universal Health Services from $230.00 to $197.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Royal Bank Of Canada cut their target price on Universal Health Services from $216.00 to $190.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 29th. Wells Fargo & Company upped their price target on shares of Universal Health Services from $165.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Weiss Ratings cut shares of Universal Health Services from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Finally, Cantor Fitzgerald cut their price objective on shares of Universal Health Services from $229.00 to $194.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $213.73.
Read Our Latest Analysis on Universal Health Services
Universal Health Services Trading Up 5.6%
Universal Health Services (NYSE:UHS – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $0.21. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the firm posted $4.84 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts predict that Universal Health Services, Inc. will post 23.44 EPS for the current fiscal year.
Universal Health Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.5%. Universal Health Services’s dividend payout ratio is presently 3.33%.
Hedge Funds Weigh In On Universal Health Services
Several large investors have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new position in shares of Universal Health Services in the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. bought a new stake in Universal Health Services during the fourth quarter worth approximately $26,000. Founders Capital Management acquired a new stake in Universal Health Services in the fourth quarter worth approximately $28,000. Larson Financial Group LLC lifted its position in Universal Health Services by 302.9% in the fourth quarter. Larson Financial Group LLC now owns 141 shares of the health services provider’s stock worth $31,000 after purchasing an additional 106 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in Universal Health Services during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 86.05% of the company’s stock.
Universal Health Services Company Profile
Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.
In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.
Featured Articles
- Five stocks we like better than Universal Health Services
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
- Freeport McMoRan Post-Earnings: Why Good Enough May Finally Be Good Enough
- TSMC’s Price Hikes Could Show Which AI Chip Stocks Have Real Pricing Power
Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.com's FREE daily email newsletter.
