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

Universal Health Services (NYSE:UHS) had its price objective cut by equities researchers at Wells Fargo & Company from $285.00 to $230.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the health services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 15.54% from the stock’s previous close.

A number of other brokerages have also weighed in on UHS. TD Cowen decreased their price target on shares of Universal Health Services from $283.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Barclays boosted their price target on Universal Health Services from $256.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their price objective on Universal Health Services from $200.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. StockNews.com lowered shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Bank of America started coverage on shares of Universal Health Services in a research note on Wednesday, November 6th. They issued a “neutral” rating and a $223.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.21.

Universal Health Services Price Performance

Shares of UHS stock traded up $1.12 during mid-day trading on Monday, hitting $199.06. 42,123 shares of the stock were exchanged, compared to its average volume of 683,995. 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 has a 52-week low of $133.70 and a 52-week high of $243.25. The firm has a fifty day moving average of $218.02 and a 200 day moving average of $206.61. The company has a market cap of $13.13 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29.

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

Institutional Investors Weigh In On Universal Health Services

Several institutional investors and hedge funds have recently modified their holdings of UHS. Financial Management Professionals Inc. acquired a new position in Universal Health Services in the 3rd quarter valued at about $32,000. True Wealth Design LLC purchased a new position in shares of Universal Health Services in the third quarter valued at approximately $39,000. Blue Trust Inc. grew its holdings in shares of Universal Health Services by 1,284.6% in the second quarter. Blue Trust Inc. now owns 180 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 167 shares in the last quarter. Huntington National Bank lifted its holdings in Universal Health Services by 414.3% during the 3rd quarter. Huntington National Bank now owns 180 shares of the health services provider’s stock worth $41,000 after buying an additional 145 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Universal Health Services during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

About Universal Health Services

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.