Royal Bank of Canada lowers price target for Universal Health Services (NYSE:UHS) to $114.00


Universal health services (NYSE: UHSGet a rating) saw its price target reduced by the Royal Bank of Canada from $130.00 to $114.00 in a research note released on Wednesday, Fly reports. They currently have a holding rating on the health service provider’s stock.

A number of other research companies have also commented on the UHS. Goldman Sachs Group cut its price target on Universal Health Services shares from $125.00 to $110.00 and set a sell rating for the company in a Tuesday, July 12 research report. Wells Fargo & Company cut its price target on Universal Health Services stock from $139.00 to $118.00 in a Thursday, April 28 research report. TheStreet lowered the shares of universal health services from a b- grade to a c+ grade in a research report on Tuesday, June 21. UBS Group raised its price target on Universal Health Services shares to $105.00 in a Tuesday, July 26 research report. To finish, StockNews.com downgraded shares of Universal Health Services from a buy rating to a hold rating in a Friday, April 29 research report. Five research analysts gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $122.14.

Stock of universal health services up 0.6%

Stock of universal health services opened at $112.47 on Wednesday. Universal Health Services has a 1-year minimum of $98.63 and a 1-year maximum of $162.23. The company has a market capitalization of $8.41 billion, a price/earnings ratio of 11.45, a P/E/G ratio of 4.95 and a beta of 1.16. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt ratio of 0.71. The company has a 50-day simple moving average of $110.53 and a 200-day simple moving average of $128.02.

Universal health services (NYSE: UHSGet a rating) last released its quarterly earnings data on Monday, July 25. The healthcare provider reported earnings per share of $2.20 for the quarter, beating analyst consensus estimates of $2.10 by $0.10. Universal Health Services posted a net margin of 5.94% and a return on equity of 12.74%. The company posted revenue of $3.32 billion in the quarter, versus analyst estimates of $3.27 billion. During the same period of the previous year, the company achieved EPS of $3.76. Universal Health Services revenue increased 3.9% compared to the same quarter last year. On average, analysts predict Universal Health Services will post earnings per share of 9.55 for the current year.

Universal Health Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Thursday, September 1 will receive a dividend of $0.20. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.71%. The ex-date of this dividend is Wednesday, August 31. The universal health services payout ratio is 8.15%.

Hedge funds weigh on universal health services

A number of hedge funds have recently changed their holdings to UHS. Fifth Third Bancorp increased its position in Universal Health Services shares by 10.9% in the first quarter. Fifth Third Bancorp now owns 692 shares of the healthcare provider valued at $100,000 after buying 68 additional shares during the period. Parallel Advisors LLC increased its position in Universal Health Services shares by 50.6% during the first quarter. Parallel Advisors LLC now owns 244 shares of the healthcare provider worth $36,000 after buying 82 additional shares during the period. Brinker Capital Investments LLC increased its position in Universal Health Services shares by 2.5% during the first quarter. Brinker Capital Investments LLC now owns 3,375 shares of the healthcare provider valued at $489,000 after purchasing 83 additional shares during the period. Daiwa Securities Group Inc. increased its position in Universal Health Services shares by 1.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,501 shares of the healthcare provider valued at $584,000 after buying 85 additional shares during the period. Finally, Dean Investment Associates LLC increased its position in Universal Health Services shares by 3.0% during the first quarter. Dean Investment Associates LLC now owns 3,241 shares of the healthcare provider valued at $470,000 after buying 93 additional shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s shares.

About Universal Health Services

(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