Universal Health Services (NYSE: UHS) is one of the largest for-profit hospital firms in the United States. It owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers across the country. The facilities provide general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric care, pharmacy, and behavioral health services. Competitors include Community Health Systems (NYSE: CYH) and Tenant Healthcare (NYSE: THC).

The company pleased investors last week, when it reported Q4 EPS of 74 cents. That was four cents above the average Street estimate. Revenues of $1.19 billion effectively matched the analyst view. Management also guided FY08 EPS to $3.37-$3.42 ($3.37 consensus). Deutsche Securities subsequently reiterated its "buy" rating on the shares and boosted its price target to $63.

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Universal Health Services (UHS): Share price forms bullish 'flag' originally appeared on BloggingStocks on Fri, 07 Mar 2008 14:01:00 EST. Please see our terms for use of feeds.