Universal Health Services (NYSE:UHS) Given New $230.00 Price Target at Wells Fargo & Company

Universal Health Services (NYSE:UHS) had its price target trimmed by Wells Fargo & Company from $285.00 to $230.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the health services provider’s stock.

UHS has been the subject of a number of other reports. Royal Bank of Canada cut their price target on Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. UBS Group boosted their price objective on Universal Health Services from $247.00 to $267.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Barclays boosted their price objective on Universal Health Services from $256.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. TD Cowen lowered their price objective on Universal Health Services from $283.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, The Goldman Sachs Group boosted their price objective on Universal Health Services from $200.00 to $229.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $227.21.

Universal Health Services Stock Up 0.7 %

Shares of UHS stock opened at $199.34 on Monday. Universal Health Services has a 12 month low of $133.70 and a 12 month high of $243.25. The firm has a market cap of $13.15 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29. The stock has a 50 day moving average of $217.31 and a 200-day moving average of $206.76. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the firm earned $2.55 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Universal Health Services will post 15.93 EPS for the current year.

Universal Health Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Tuesday, December 3rd. Universal Health Services’s payout ratio is presently 5.32%.

Institutional Trading of Universal Health Services

Large investors have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new stake in shares of Universal Health Services during the third quarter worth $32,000. True Wealth Design LLC bought a new stake in shares of Universal Health Services during the third quarter worth $39,000. Blue Trust Inc. grew its holdings in shares of Universal Health Services by 1,284.6% during the second quarter. Blue Trust Inc. now owns 180 shares of the health services provider’s stock worth $33,000 after purchasing an additional 167 shares during the last quarter. Huntington National Bank grew its holdings in shares of Universal Health Services by 414.3% during the third quarter. Huntington National Bank now owns 180 shares of the health services provider’s stock worth $41,000 after purchasing an additional 145 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Universal Health Services during the second quarter worth $35,000. Institutional investors own 86.05% of the company’s stock.

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.