Universal Health Services (NYSE:UHS) Given New $231.00 Price Target at Royal Bank Of Canada

by · The Cerbat Gem

Universal Health Services (NYSE:UHS – Free Report) had its price target upped by Royal Bank Of Canada from $206.00 to $231.00 in a research note released on Thursday morning, MarketBeat.com reports. The brokerage currently has a sector performer rating on the health services provider’s stock.

UHS has been the subject of a number of other reports. Zacks Research upgraded Universal Health Services from a “hold” rating to a “strong-buy” rating in a research report on Monday. Bank of America cut Universal Health Services from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $215.00 to $185.00 in a research note on Wednesday, July 16th. Mizuho set a $242.00 target price on Universal Health Services in a research note on Tuesday. The Goldman Sachs Group initiated coverage on Universal Health Services in a research note on Tuesday, October 14th. They set a “neutral” rating and a $219.00 target price for the company. Finally, UBS Group set a $231.00 target price on Universal Health Services in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Universal Health Services presently has a consensus rating of “Hold” and an average price target of $230.57.

Check Out Our Latest Research Report on UHS

Universal Health Services Trading Down 3.1%

NYSE:UHS opened at $218.35 on Thursday. Universal Health Services has a 1 year low of $152.33 and a 1 year high of $227.22. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.80 and a beta of 1.30. The business has a fifty day moving average of $197.25 and a 200-day moving average of $184.57. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.19 and a current ratio of 1.03.

Universal Health Services (NYSE:UHS – Get Free Report) last released its quarterly earnings results on Monday, October 27th. The health services provider reported $5.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $1.03. The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Universal Health Services had a return on equity of 19.47% and a net margin of 8.09%.The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.71 earnings per share. Universal Health Services has set its FY 2025 guidance at 21.500-22.100 EPS. Equities analysts predict that Universal Health Services will post 15.92 earnings per share for the current year.

Insider Buying and Selling at Universal Health Services

In related news, Director Elliot J. Md Mba Sussman sold 965 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $225.70, for a total value of $217,800.50. Following the completion of the transaction, the director owned 6,113 shares in the company, valued at $1,379,704.10. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Universal Health Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in shares of Universal Health Services in the 3rd quarter valued at $28,000. Zions Bancorporation National Association UT acquired a new stake in Universal Health Services during the 1st quarter valued at $30,000. CYBER HORNET ETFs LLC acquired a new stake in Universal Health Services during the 2nd quarter worth about $29,000. MUFG Securities EMEA plc acquired a new stake in Universal Health Services during the 2nd quarter worth about $31,000. Finally, Quent Capital LLC acquired a new stake in Universal Health Services during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

About Universal Health Services

(Get Free Report)

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.

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