Universal Health Services (NYSE:UHS) Price Target Lowered to $144.00 at JPMorgan Chase & Co.

Universal Health Services (NYSE:UHS) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $152.00 to $144.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the health services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 6.01% from the stock’s current price.

UHS has been the subject of a number of other reports. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $148.00 price target on shares of Universal Health Services in a research note on Thursday, September 14th. UBS Group boosted their target price on Universal Health Services from $154.00 to $162.00 in a research report on Wednesday, July 26th. StockNews.com raised Universal Health Services from a “hold” rating to a “buy” rating in a research note on Monday. Credit Suisse Group raised their price target on Universal Health Services from $163.00 to $169.00 in a research note on Thursday, July 27th. Finally, Wells Fargo & Company cut their price objective on Universal Health Services from $153.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Universal Health Services has an average rating of “Hold” and an average price target of $155.31.

Universal Health Services Trading Up 1.0 %

UHS stock traded up $1.38 during midday trading on Friday, reaching $135.83. 213,283 shares of the company traded hands, compared to its average volume of 637,681. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.33 and a beta of 1.28. Universal Health Services has a 52-week low of $113.69 and a 52-week high of $158.57. The business has a 50 day moving average of $127.23 and a 200-day moving average of $135.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.28 and a current ratio of 1.38.

Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Wednesday, October 25th. The health services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.21. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.54 billion. Universal Health Services had a return on equity of 12.23% and a net margin of 4.82%. Universal Health Services’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.54 EPS. As a group, sell-side analysts expect that Universal Health Services will post 10.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in Universal Health Services by 48.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,967,220 shares of the health services provider’s stock worth $247,339,000 after buying an additional 638,166 shares during the period. Norges Bank purchased a new stake in shares of Universal Health Services during the 4th quarter worth $66,334,000. Iron Triangle Partners LP bought a new stake in Universal Health Services during the second quarter valued at about $74,152,000. Goldman Sachs Group Inc. boosted its position in Universal Health Services by 45.4% during the second quarter. Goldman Sachs Group Inc. now owns 802,139 shares of the health services provider’s stock valued at $80,784,000 after purchasing an additional 250,295 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Universal Health Services by 203.1% in the first quarter. Envestnet Asset Management Inc. now owns 336,856 shares of the health services provider’s stock valued at $7,988,000 after purchasing an additional 225,709 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

About Universal Health Services

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.