RBC Capital analyst Ben Hendrix maintained a Hold rating on Universal Health on July 9 and set a price target of $190.00. The company’s shares closed yesterday at $155.20.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Hendrix is a 5-star analyst with an average return of 8.8% and a 56.40% success rate. Hendrix covers the Healthcare sector, focusing on stocks such as Brookdale Senior Living, Sonida Senior Living, and Centene.
The word on The Street in general, suggests a Hold analyst consensus rating for Universal Health with a $208.77 average price target, implying a 34.52% upside from current levels. In a report released on July 8, Barclays also downgraded the stock to a Hold with a $179.00 price target.
Based on Universal Health’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.5 billion and a net profit of $348.68 million. In comparison, last year the company earned a revenue of $4.1 billion and had a net profit of $316.68 million
