Universal Health Services, Inc. Class B (UHS) Given Average Rating of “Buy” by Brokerages

Universal Health Services, Inc. Class B (NYSE:UHS) has been assigned an average rating of “Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $136.62.

Several brokerages recently commented on UHS. Bank of America upgraded shares of Universal Health Services, Inc. Class B from a “neutral” rating to a “buy” rating and raised their price objective for the company from $128.00 to $155.00 in a research note on Tuesday, September 18th. Morgan Stanley raised their price objective on shares of Universal Health Services, Inc. Class B from $122.00 to $134.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 5th. Barclays assumed coverage on shares of Universal Health Services, Inc. Class B in a research note on Tuesday, August 14th. They issued an “equal weight” rating and a $135.00 price objective for the company. Zacks Investment Research cut shares of Universal Health Services, Inc. Class B from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, BMO Capital Markets cut shares of Universal Health Services, Inc. Class B from an “outperform” rating to a “market perform” rating and set a $130.00 target price for the company. in a research report on Wednesday, August 1st.

Shares of NYSE UHS traded up $0.74 during midday trading on Thursday, hitting $126.38. The company had a trading volume of 924,500 shares, compared to its average volume of 781,464. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.72. Universal Health Services, Inc. Class B has a twelve month low of $95.26 and a twelve month high of $132.63. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.20 and a beta of 0.83.

Universal Health Services, Inc. Class B (NYSE:UHS) last announced its quarterly earnings data on Wednesday, July 25th. The health services provider reported $2.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.08. Universal Health Services, Inc. Class B had a net margin of 7.68% and a return on equity of 15.74%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the business earned $1.94 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that Universal Health Services, Inc. Class B will post 9.51 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of UHS. Raymond James Trust N.A. acquired a new position in shares of Universal Health Services, Inc. Class B during the third quarter worth $200,000. First Hawaiian Bank acquired a new position in shares of Universal Health Services, Inc. Class B during the third quarter worth $287,000. Contravisory Investment Management Inc. lifted its position in shares of Universal Health Services, Inc. Class B by 1,201.3% during the third quarter. Contravisory Investment Management Inc. now owns 35,954 shares of the health services provider’s stock worth $4,596,000 after purchasing an additional 33,191 shares in the last quarter. Hexavest Inc. acquired a new position in shares of Universal Health Services, Inc. Class B during the third quarter worth $58,945,000. Finally, DNB Asset Management AS lifted its position in shares of Universal Health Services, Inc. Class B by 39.1% during the third quarter. DNB Asset Management AS now owns 21,426 shares of the health services provider’s stock worth $2,739,000 after purchasing an additional 6,026 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.

Universal Health Services, Inc. Class B Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

Read More: S&P 500 Index

Analyst Recommendations for Universal Health Services, Inc. Class B (NYSE:UHS)

Receive News & Ratings for Universal Health Services Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply