Wells Fargo & Company Forecasts Strong Price Appreciation for Universal Health Services (NYSE:UHS) Stock

Universal Health Services (NYSE:UHS) had its target price boosted by analysts at Wells Fargo & Company from $165.00 to $166.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the health services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 6.71% from the company’s current price.

Several other research analysts have also issued reports on the company. Stephens decreased their target price on Universal Health Services from $235.00 to $205.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Cantor Fitzgerald dropped their price target on Universal Health Services from $229.00 to $194.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price target on Universal Health Services from $235.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. Mizuho decreased their price objective on Universal Health Services from $267.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, TD Cowen lowered their price objective on Universal Health Services from $230.00 to $197.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $212.94.

Universal Health Services Trading Down 0.0%

NYSE:UHS opened at $155.56 on Monday. The company has a 50-day moving average price of $154.24 and a 200-day moving average price of $184.69. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 0.83 and a beta of 1.07. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52. Universal Health Services has a 12 month low of $140.08 and a 12 month high of $246.32.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $0.21. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the company earned $4.84 earnings per share. Universal Health Services’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts predict that Universal Health Services will post 23.47 EPS for the current year.

Institutional Trading of Universal Health Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC raised its stake in Universal Health Services by 13.1% during the second quarter. Wedge Capital Management L L P NC now owns 48,425 shares of the health services provider’s stock valued at $7,200,000 after buying an additional 5,624 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Universal Health Services by 0.7% in the second quarter. Handelsbanken Fonder AB now owns 14,900 shares of the health services provider’s stock worth $2,215,000 after acquiring an additional 100 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Universal Health Services by 69.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,217 shares of the health services provider’s stock worth $330,000 after acquiring an additional 907 shares during the last quarter. Chesley Taft & Associates LLC increased its holdings in shares of Universal Health Services by 7.0% during the second quarter. Chesley Taft & Associates LLC now owns 2,402 shares of the health services provider’s stock valued at $357,000 after acquiring an additional 157 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Universal Health Services by 503.1% during the second quarter. Elevation Wealth Partners LLC now owns 193 shares of the health services provider’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. 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.