TD Cowen Has Lowered Expectations for Universal Health Services (NYSE:UHS) Stock Price

Universal Health Services (NYSE:UHS) had its price objective decreased by equities research analysts at TD Cowen from $275.00 to $251.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the health services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 23.34% from the company’s current price.

UHS has been the topic of a number of other reports. Barclays raised their price target on Universal Health Services from $256.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada cut their target price on Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group lifted their target price on Universal Health Services from $200.00 to $229.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company cut their target price on Universal Health Services from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $219.00 target price on shares of Universal Health Services in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $225.50.

Universal Health Services Stock Down 1.3 %

Shares of NYSE UHS opened at $203.50 on Tuesday. The stock has a market cap of $13.42 billion, a P/E ratio of 13.53, a PEG ratio of 0.63 and a beta of 1.29. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. Universal Health Services has a 12-month low of $133.70 and a 12-month high of $243.25. The business’s fifty day simple moving average is $216.79 and its 200-day simple moving average is $206.96.

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

Institutional Investors Weigh In On Universal Health Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. raised its position in shares of Universal Health Services by 362.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 322,626 shares of the health services provider’s stock worth $59,663,000 after purchasing an additional 252,846 shares during the last quarter. Marshall Wace LLP raised its position in shares of Universal Health Services by 357.9% during the 2nd quarter. Marshall Wace LLP now owns 261,221 shares of the health services provider’s stock worth $48,308,000 after purchasing an additional 204,178 shares during the last quarter. Goldentree Asset Management LP acquired a new position in shares of Universal Health Services during the 1st quarter worth approximately $21,378,000. Mackenzie Financial Corp raised its position in shares of Universal Health Services by 408.2% during the 2nd quarter. Mackenzie Financial Corp now owns 140,561 shares of the health services provider’s stock worth $25,994,000 after purchasing an additional 112,902 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of Universal Health Services by 102.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 210,926 shares of the health services provider’s stock worth $48,304,000 after purchasing an additional 106,517 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

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.