Stephens Initiates Coverage on Universal Health Services, Inc. (UHS)

Stephens initiated coverage on shares of Universal Health Services, Inc. (NYSE:UHS) in a research report issued to clients and investors on Wednesday. The firm set an “equal weight” rating on the health services provider’s stock.

UHS has been the subject of a number of other research reports. BidaskClub cut shares of Universal Health Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $147.00 price target on shares of Universal Health Services in a research note on Tuesday, August 29th. Citigroup Inc. cut their price target on shares of Universal Health Services from $131.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of Universal Health Services from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $134.00 price target on shares of Universal Health Services in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $134.33.

Shares of Universal Health Services (NYSE:UHS) opened at 106.58 on Wednesday. The company has a market cap of $10.20 billion, a P/E ratio of 14.49 and a beta of 1.03. Universal Health Services has a one year low of $99.72 and a one year high of $129.74. The stock’s 50 day moving average is $109.54 and its 200-day moving average is $115.87.

Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 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 company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the firm earned $1.94 EPS. Universal Health Services’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Universal Health Services will post $7.71 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of Universal Health Services by 1.7% in the 2nd quarter. Prudential Financial Inc. now owns 208,367 shares of the health services provider’s stock worth $25,437,000 after acquiring an additional 3,580 shares during the last quarter. Bank of America Corp DE raised its holdings in Universal Health Services by 40.6% during the 1st quarter. Bank of America Corp DE now owns 586,840 shares of the health services provider’s stock valued at $73,032,000 after buying an additional 169,526 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Universal Health Services by 15.2% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,572 shares of the health services provider’s stock valued at $2,634,000 after buying an additional 2,839 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Universal Health Services by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 139,619 shares of the health services provider’s stock valued at $17,375,000 after buying an additional 4,817 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its holdings in Universal Health Services by 11.5% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 23,107 shares of the health services provider’s stock valued at $2,821,000 after buying an additional 2,375 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Universal Health Services Company Profile

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.

Analyst Recommendations for Universal Health Services (NYSE:UHS)

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