Universal Health ( (UHS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Universal Health Services experienced a mixed performance in Q3. While the company saw strong revenue growth due to unexpected supplemental payments, unfavorable claims trends led to additional charges. Despite exceeding earnings expectations with an adjusted EPS of $5.69, concerns over future financial stability and a large verdict in Nevada have led to a cautious outlook, prompting some analysts to raise price targets.
More about Universal Health
YTD Price Performance: 19.68%
Average Trading Volume: 724,304
Technical Sentiment Signal: Strong Buy
Current Market Cap: $13.4B
For further insights into UHS stock on TipRanks’ Stock Analysis page.
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