Royal Bank of Canada Reaffirms “Buy” Rating for Universal Health Services (NYSE:UHS)

Royal Bank of Canada restated their buy rating on shares of Universal Health Services (NYSE:UHS) in a research report released on Thursday morning, AnalystRatings.com reports.

UHS has been the topic of several other research reports. Piper Sandler lifted their price target on Universal Health Services from $113.00 to $117.00 and gave the company a neutral rating in a research note on Wednesday. Deutsche Bank decreased their price target on Universal Health Services from $165.00 to $135.00 and set a buy rating on the stock in a research note on Wednesday, April 29th. Mizuho decreased their price target on Universal Health Services from $136.00 to $130.00 and set a buy rating on the stock in a research note on Friday, May 29th. Barclays upgraded Universal Health Services from an equal weight rating to an overweight rating and set a $138.00 price target on the stock in a research note on Tuesday, June 9th. Finally, Citigroup reduced their price objective on Universal Health Services from $157.00 to $128.00 and set a buy rating on the stock in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $137.33.

Universal Health Services stock opened at $109.90 on Thursday. Universal Health Services has a one year low of $65.20 and a one year high of $157.06. The stock’s fifty day moving average price is $96.99 and its two-hundred day moving average price is $110.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a market cap of $9.52 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Monday, July 27th. The health services provider reported $2.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $2.20. Universal Health Services had a return on equity of 14.75% and a net margin of 6.53%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the company posted $2.76 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Sell-side analysts expect that Universal Health Services will post 7.69 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Universal Health Services by 0.3% during the 1st quarter. BlackRock Inc. now owns 6,352,609 shares of the health services provider’s stock worth $629,416,000 after buying an additional 17,125 shares during the period. State Street Corp lifted its holdings in Universal Health Services by 1.8% during the 1st quarter. State Street Corp now owns 3,667,973 shares of the health services provider’s stock worth $363,423,000 after buying an additional 65,731 shares during the period. First Eagle Investment Management LLC lifted its holdings in Universal Health Services by 0.3% during the 1st quarter. First Eagle Investment Management LLC now owns 2,971,960 shares of the health services provider’s stock worth $294,462,000 after buying an additional 10,236 shares during the period. Wells Fargo & Company MN lifted its holdings in Universal Health Services by 51.4% during the 1st quarter. Wells Fargo & Company MN now owns 1,869,659 shares of the health services provider’s stock worth $185,245,000 after buying an additional 634,974 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Universal Health Services by 42.0% during the 1st quarter. AQR Capital Management LLC now owns 1,818,267 shares of the health services provider’s stock worth $180,154,000 after buying an additional 537,738 shares during the period. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Health Services

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.

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Analyst Recommendations for Universal Health Services (NYSE:UHS)

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