TD Cowen Cuts Universal Health Services (NYSE:UHS) Price Target to $251.00

Universal Health Services (NYSE:UHS) had its target price lowered by stock analysts at TD Cowen from $275.00 to $251.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the health services provider’s stock. TD Cowen’s price target would suggest a potential upside of 24.25% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $219.00 price target on shares of Universal Health Services in a report on Friday, October 25th. StockNews.com downgraded shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Robert W. Baird raised their target price on Universal Health Services from $236.00 to $274.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Wells Fargo & Company lowered their price target on Universal Health Services from $285.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday. Finally, UBS Group lifted their price objective on Universal Health Services from $247.00 to $267.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.50.

Universal Health Services Price Performance

NYSE UHS traded up $2.80 on Tuesday, reaching $202.01. 243,662 shares of the company’s stock traded hands, compared to its average volume of 684,960. The stock has a market cap of $13.33 billion, a PE ratio of 13.43, a P/E/G ratio of 0.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. Universal Health Services has a 12 month low of $133.70 and a 12 month high of $243.25. The stock has a 50-day simple moving average of $217.31 and a 200 day simple moving average of $206.76.

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 (EPS) for the quarter, missing the consensus estimate of $3.75 by ($0.04). Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the business earned $2.55 earnings per share. Universal Health Services’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Universal Health Services will post 15.93 earnings per share for the current year.

Institutional Trading of Universal Health Services

Several institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. raised its stake in shares of Universal Health Services by 362.3% in the second 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 lifted its stake in 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 valued at $48,308,000 after acquiring an additional 204,178 shares during the period. Goldentree Asset Management LP purchased a new stake in shares of Universal Health Services during the 1st quarter valued at about $21,378,000. Mackenzie Financial Corp grew its stake in shares of Universal Health Services by 408.2% in the second quarter. Mackenzie Financial Corp now owns 140,561 shares of the health services provider’s stock worth $25,994,000 after acquiring an additional 112,902 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings 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 valued at $48,304,000 after buying an additional 106,517 shares during the period. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Health Services

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.