Barclays Maintains an 'Overweight' on Universal Health Services (UHS) After Smart Acquisition of Ascend Health
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Price: $67.02 +0.56%
Rating Summary:
10 Buy, 6 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
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Rating Summary:
10 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Barclays maintains an 'Overweight' on Universal Health Services (NYSE: UHS) price target of $55.00.
Analyst, Adam Feinstein, said, UHS announced that it reached a definitive agreement to acquire privately-held Ascend Health for $517 million, with the deal expected to close in 4Q12...We estimate that under an all-cash scenario, the transaction could be more than $0.30 accretive in 2013, representing upside of over 6% to our current 2013 EPS estimate. Hence, we believe this is a very good acquisition for UHS."
For an analyst ratings summary and ratings history on Universal Health Services click here. For more ratings news on Universal Health Services click here.
Shares of Universal Health Services closed at $37.89 yesterday, with a 52 week range of $31.35-$55.42.
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Analyst, Adam Feinstein, said, UHS announced that it reached a definitive agreement to acquire privately-held Ascend Health for $517 million, with the deal expected to close in 4Q12...We estimate that under an all-cash scenario, the transaction could be more than $0.30 accretive in 2013, representing upside of over 6% to our current 2013 EPS estimate. Hence, we believe this is a very good acquisition for UHS."
For an analyst ratings summary and ratings history on Universal Health Services click here. For more ratings news on Universal Health Services click here.
Shares of Universal Health Services closed at $37.89 yesterday, with a 52 week range of $31.35-$55.42.
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