JPMorgan Chase & Co. Cuts Universal Health Services (NYSE:UHS) Price Target to $205.00

Universal Health Services (NYSE:UHS) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $235.00 to $205.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the health services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 24.49% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Mizuho dropped their target price on Universal Health Services from $267.00 to $230.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada dropped their price objective on Universal Health Services from $216.00 to $190.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen lowered Universal Health Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Cantor Fitzgerald decreased their price target on Universal Health Services from $229.00 to $194.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, UBS Group lowered their price target on shares of Universal Health Services from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Universal Health Services presently has a consensus rating of “Hold” and an average price target of $221.56.

Universal Health Services Stock Performance

NYSE:UHS traded down $1.77 on Wednesday, reaching $164.68. 94,201 shares of the company’s stock were exchanged, compared to its average volume of 789,730. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 0.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.01. The stock has a fifty day simple moving average of $179.41 and a 200-day simple moving average of $205.82. Universal Health Services has a 52 week low of $152.33 and a 52 week high of $246.32.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $0.21. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.39 billion. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.84 earnings per share. As a group, sell-side analysts predict that Universal Health Services will post 23.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new stake in Universal Health Services during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. increased its position in shares of Universal Health Services by 320.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 126 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Universal Health Services during the 4th quarter valued at about $26,000. Root Financial Partners LLC purchased a new position in shares of Universal Health Services during the 3rd quarter valued at about $28,000. Finally, Founders Capital Management purchased a new position in shares of Universal Health Services during the 4th quarter valued at about $28,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Health Services

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.