Universal Health Services (NYSE:UHS) Price Target Cut to $205.00 by Analysts at JPMorgan Chase & Co.

Universal Health Services (NYSE:UHS) had its target price cut by equities researchers at JPMorgan Chase & Co. from $235.00 to $205.00 in a research report issued on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the health services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 24.49% from the stock’s previous close.

Several other analysts have also recently weighed in on UHS. Guggenheim cut their price objective on Universal Health Services from $238.00 to $211.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. TD Cowen decreased their target price on shares of Universal Health Services from $245.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Barclays lowered their price target on Universal Health Services from $268.00 to $238.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Zacks Research lowered shares of Universal Health Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Universal Health Services from $235.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $221.56.

Universal Health Services Trading Down 1.1%

Shares of NYSE UHS traded down $1.77 during mid-day trading on Wednesday, hitting $164.68. The stock had a trading volume of 94,201 shares, compared to its average volume of 789,730. The business has a 50 day moving average price of $179.41 and a two-hundred day moving average price of $205.82. Universal Health Services has a 1 year low of $152.33 and a 1 year high of $246.32. The firm has a market cap of $9.97 billion, a P/E ratio of 6.87, a price-to-earnings-growth ratio of 0.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.08.

Universal Health Services (NYSE:UHS) last posted its earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $0.21. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period last year, the firm earned $4.84 earnings per share. Universal Health Services’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Universal Health Services will post 23.33 EPS for the current fiscal year.

Institutional Trading of Universal Health Services

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its holdings in shares of Universal Health Services by 2.7% during the 1st quarter. NewEdge Advisors LLC now owns 2,665 shares of the health services provider’s stock worth $501,000 after acquiring an additional 69 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Universal Health Services in the first quarter valued at $235,000. Focus Partners Wealth lifted its stake in Universal Health Services by 80.6% in the first quarter. Focus Partners Wealth now owns 2,631 shares of the health services provider’s stock worth $494,000 after purchasing an additional 1,174 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Universal Health Services by 95.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 583 shares of the health services provider’s stock valued at $106,000 after acquiring an additional 284 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Universal Health Services during the second quarter valued at $379,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.