Morgan Stanley Cuts Universal Health Services, Inc. (UHS) Price Target to $114.00

Universal Health Services, Inc. (NYSE:UHS) had its target price decreased by analysts at Morgan Stanley from $120.00 to $114.00 in a report issued on Thursday. The brokerage presently has an “equal weight” rating on the health services provider’s stock. Morgan Stanley’s price target points to a potential upside of 5.57% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Universal Health Services from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, July 4th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $134.00 target price on shares of Universal Health Services in a report on Friday, July 28th. Citigroup Inc. reduced their target price on Universal Health Services from $131.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Royal Bank Of Canada reduced their target price on Universal Health Services from $157.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, April 27th. Finally, BidaskClub cut Universal Health Services from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $135.90.

Universal Health Services (UHS) opened at 107.99 on Thursday. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 14.68 and a beta of 1.06. Universal Health Services has a 52 week low of $99.72 and a 52 week high of $129.74. The firm has a 50-day moving average price of $115.59 and a 200-day moving average price of $118.77.

Universal Health Services (NYSE:UHS) last issued its earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by $0.12. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm posted $1.94 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Universal Health Services will post $7.72 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of UHS. Vanguard Group Inc. boosted its stake in shares of Universal Health Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 8,969,365 shares of the health services provider’s stock valued at $1,094,982,000 after buying an additional 191,666 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Universal Health Services by 0.5% in the second quarter. BlackRock Inc. now owns 6,656,148 shares of the health services provider’s stock valued at $812,583,000 after buying an additional 29,943 shares during the last quarter. Maverick Capital Ltd. boosted its stake in shares of Universal Health Services by 9.6% in the second quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock valued at $662,466,000 after buying an additional 473,763 shares during the last quarter. FMR LLC boosted its stake in shares of Universal Health Services by 4.6% in the second quarter. FMR LLC now owns 4,623,099 shares of the health services provider’s stock valued at $564,387,000 after buying an additional 204,558 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Universal Health Services by 4.8% in the first quarter. State Street Corp now owns 4,124,375 shares of the health services provider’s stock valued at $513,281,000 after buying an additional 190,047 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

About Universal Health Services

Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.

Analyst Recommendations for Universal Health Services (NYSE:UHS)

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