Universal Health Services (NYSE:UHS) Cut to C+ at TheStreet

TheStreet downgraded shares of Universal Health Services (NYSE:UHSGet Rating) from a b- rating to a c+ rating in a report released on Tuesday morning, TheStreetRatingsTable reports.

A number of other analysts have also issued reports on the company. Royal Bank of Canada decreased their price target on Universal Health Services from $149.00 to $130.00 in a research note on Wednesday, April 27th. Citigroup lifted their price objective on Universal Health Services from $162.00 to $167.00 in a report on Tuesday, March 1st. Seaport Res Ptn downgraded Universal Health Services from a buy rating to a neutral rating in a report on Sunday, February 27th. StockNews.com downgraded Universal Health Services from a buy rating to a hold rating in a report on Friday, April 29th. Finally, Wells Fargo & Company reduced their price objective on Universal Health Services from $139.00 to $118.00 in a research report on Thursday, April 28th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $148.23.

Shares of NYSE UHS opened at $105.39 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a fifty day moving average price of $123.21 and a 200 day moving average price of $132.27. Universal Health Services has a 1-year low of $99.54 and a 1-year high of $165.00. The company has a market cap of $7.88 billion, a PE ratio of 9.24, a P/E/G ratio of 2.20 and a beta of 1.10.

Universal Health Services (NYSE:UHSGet Rating) last released its quarterly earnings data on Monday, April 25th. The health services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.32). The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.44 EPS. Analysts anticipate that Universal Health Services will post 11.38 earnings per share for the current fiscal year.

Universal Health Services announced that its board has initiated a share repurchase plan on Thursday, February 24th that authorizes the company to repurchase $1.40 billion in outstanding shares. This repurchase authorization authorizes the health services provider to buy up to 12.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, May 31st. Universal Health Services’s dividend payout ratio is 7.01%.

A number of institutional investors have recently bought and sold shares of the stock. Spire Wealth Management boosted its holdings in shares of Universal Health Services by 131.1% during the first quarter. Spire Wealth Management now owns 208 shares of the health services provider’s stock worth $30,000 after acquiring an additional 118 shares during the period. Parallel Advisors LLC increased its holdings in Universal Health Services by 50.6% in the first quarter. Parallel Advisors LLC now owns 244 shares of the health services provider’s stock valued at $36,000 after purchasing an additional 82 shares during the period. National Bank of Canada FI acquired a new stake in Universal Health Services in the fourth quarter valued at $32,000. Quent Capital LLC bought a new stake in Universal Health Services during the fourth quarter valued at $43,000. Finally, Ancora Advisors LLC boosted its position in Universal Health Services by 33.3% during the first quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Universal Health Services Company Profile (Get Rating)

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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.

Further Reading

Analyst Recommendations for Universal Health Services (NYSE:UHS)

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