TD Cowen Increases Universal Health Services (NYSE:UHS) Price Target to $183.00

Universal Health Services (NYSE:UHS) had its price objective increased by TD Cowen from $181.00 to $183.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the health services provider’s stock. TD Cowen’s target price would suggest a potential upside of 7.53% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Universal Health Services from $144.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com raised shares of Universal Health Services from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. UBS Group increased their price objective on shares of Universal Health Services from $152.00 to $177.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Mizuho boosted their target price on Universal Health Services from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Stephens reiterated an “equal weight” rating and issued a $185.00 price target on shares of Universal Health Services in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Universal Health Services currently has an average rating of “Moderate Buy” and an average price target of $182.79.

Universal Health Services Price Performance

Shares of NYSE UHS opened at $170.19 on Tuesday. The company has a market capitalization of $11.44 billion, a PE ratio of 14.42, a P/E/G ratio of 0.85 and a beta of 1.24. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.75. Universal Health Services has a twelve month low of $119.90 and a twelve month high of $183.61. The firm has a fifty day simple moving average of $170.92 and a 200 day simple moving average of $154.33.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.56. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business earned $2.34 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts forecast that Universal Health Services will post 13.51 EPS for the current year.

Insider Buying and Selling at Universal Health Services

In related news, CFO Steve Filton sold 35,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $176.82, for a total transaction of $6,188,700.00. Following the transaction, the chief financial officer now directly owns 68,785 shares in the company, valued at $12,162,563.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.10% of the company’s stock.

Institutional Trading of Universal Health Services

A number of institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. purchased a new position in Universal Health Services in the first quarter worth $32,000. EverSource Wealth Advisors LLC raised its stake in shares of Universal Health Services by 42.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider’s stock worth $34,000 after purchasing an additional 80 shares during the period. Mather Group LLC. bought a new stake in shares of Universal Health Services during the 1st quarter worth $36,000. Denali Advisors LLC purchased a new position in shares of Universal Health Services in the 1st quarter worth about $37,000. Finally, GAMMA Investing LLC bought a new position in Universal Health Services during the fourth quarter valued at about $42,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Universal Health Services Company Profile

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