KeyCorp reaffirmed their buy rating on shares of Universal Health Services, Inc. (NYSE:UHS) in a report published on Thursday. They currently have a $127.00 price target on the health services provider’s stock.
A number of other equities research analysts also recently issued reports on the company. Royal Bank Of Canada reiterated a buy rating and issued a $147.00 price objective on shares of Universal Health Services in a research report on Tuesday, August 29th. TheStreet downgraded Universal Health Services from a b rating to a c+ rating in a research report on Monday, August 21st. Morgan Stanley lowered their price objective on Universal Health Services from $120.00 to $114.00 and set an equal weight rating on the stock in a research report on Thursday, August 17th. Zacks Investment Research upgraded Universal Health Services from a sell rating to a hold rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded Universal Health Services from a hold rating to a sell rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $134.55.
Universal Health Services (NYSE UHS) traded up 0.41% during trading on Thursday, hitting $110.50. The stock had a trading volume of 439,494 shares. Universal Health Services has a 52 week low of $99.72 and a 52 week high of $129.74. The stock has a market capitalization of $10.57 billion, a P/E ratio of 15.02 and a beta of 1.07. The company has a 50-day moving average of $109.87 and a 200-day moving average of $117.95.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Tuesday, July 25th. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by $0.12. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the business posted $1.94 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Universal Health Services will post $7.73 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Universal Health Services’s dividend payout ratio is currently 5.44%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new position in shares of Universal Health Services in the second quarter worth about $4,932,000. Sentry Investment Management LLC increased its holdings in shares of Universal Health Services by 1.1% in the second quarter. Sentry Investment Management LLC now owns 6,848 shares of the health services provider’s stock worth $836,000 after buying an additional 72 shares during the period. Toronto Dominion Bank increased its holdings in shares of Universal Health Services by 25.7% in the second quarter. Toronto Dominion Bank now owns 30,293 shares of the health services provider’s stock worth $3,698,000 after buying an additional 6,188 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Universal Health Services in the second quarter worth about $608,000. Finally, Colony Group LLC increased its holdings in shares of Universal Health Services by 2.0% in the second quarter. Colony Group LLC now owns 73,820 shares of the health services provider’s stock worth $9,012,000 after buying an additional 1,449 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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