Credit Suisse Group lowers target price for Universal Health Services (NYSE:UHS) to $158.00


Universal health services (NYSE: UHSGet a rating) had its price target lowered by Credit Suisse Group research analysts from $172.00 to $158.00 in a note issued to investors on Wednesday, Fly reports. Credit Suisse Group’s target price suggests a potential upside of 26.08% from the stock’s previous close.

A number of other research companies have also recently published reports on UHS. StockNews.com upgraded shares of Universal Health Services from a “hold” rating to a “buy” rating in a Thursday, April 21 report. Seaport Res Ptn downgraded shares of Universal Health Services from a “buy” rating to a “neutral” rating in a Sunday, February 27 research rating. SVB Leerink raised its price target on Universal Health Services stock from $136.00 to $139.00 and gave the stock a “market performance” rating in a Monday, Feb. 28 research note. UBS Group raised its price target on Universal Health Services shares from $124.00 to $134.00 and gave the stock a “sell” rating in a Monday, March 7 research note. Finally, Wells Fargo & Company began covering Universal Health Services stocks in a Monday, March 28, research note. They issued an “underweight” rating and target price of $139.00 for the company. Four investment analysts have assigned the stock a sell rating, four have issued a hold rating and six have assigned the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $154.85.

UHS opened at $125.32 on Wednesday. The company has a debt ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.04. The company’s 50-day moving average is $145.28 and its 200-day moving average is $134.83. Universal Health Services has a minimum of $116.23 over fifty-two weeks and a maximum of $165.00 over fifty-two weeks. The company has a market capitalization of $9.37 billion, a P/E ratio of 10.60, a PEG ratio of 1.31 and a beta of 1.06.

Universal health services (NYSE: UHSGet a rating) last released its quarterly earnings data on Monday, April 25. The healthcare service provider reported earnings per share (EPS) of $2.15 for the quarter, missing analyst consensus estimates of $2.47 per ($0.32). Universal Health Services had a return on equity of 15.41% and a net margin of 7.84%. The company posted revenue of $3.29 billion for the quarter, versus $3.24 billion expected by analysts. In the same quarter last year, the company posted EPS of $2.44. The company’s quarterly revenue increased 9.3% year over year. On average, stock research analysts expect Universal Health Services to post earnings per share of 12.5 for the current year.

Universal Health Services said its board of directors on Thursday (Feb. 24) approved a stock repurchase plan that sees the company repurchase $1.40 billion in stock. This repurchase authorization allows the health service provider to purchase up to 12.1% of its shares through open market purchases. Stock buyback plans are usually a sign that a company’s management believes its stock is undervalued.

In other Universal Health Services news, Director Eileen C. Mcdonnell sold 296 shares of Universal Health Services in a trade that took place on Monday, February 28. The shares were sold at an average price of $141.17, for a total transaction of $41,786.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, director Lawrence S. Gibbs sold 1,307 shares of the company in a trade that took place on Friday, March 11. The stock was sold at an average price of $153.00, for a total transaction of $199,971.00. Disclosure of this sale can be found here. 13.40% of the shares are currently held by insiders of the company.

Several institutional investors and hedge funds have recently changed their positions in UHS. Spire Wealth Management increased its stake in shares of Universal Health Services by 131.1% in the 1st quarter. Spire Wealth Management now owns 208 shares of the healthcare provider worth $30,000 after acquiring 118 more shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Universal Health Services in the 4th quarter for a value of approximately $32,000. Quent Capital LLC bought a new position in shares of Universal Health Services in the fourth quarter worth $43,000. CI Investments Inc. bought a new position in shares of Universal Health Services in the third quarter worth $45,000. Finally, Covestor Ltd bought a new position in shares of Universal Health Services in the fourth quarter worth $61,000. Hedge funds and other institutional investors own 86.00% of the company’s shares.

Universal Health Services Company Profile (Get a rating)

Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals and ambulatory and behavioral health care facilities. The Company operates through the Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialized surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic and coronary care, pediatrics, pharmacy and/or behavioral health.

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Richard F. Gandhi