Worthy of a Trade, Wary of an Investment : Universal Health Services, Inc. (UHS), NOW Inc. (DNOW) Stocks

The stocks of Universal Health Services, Inc. (NYSE:UHS) has been Reiterated as a Buy by BofA/Merrill in its latest research note that was published on July 26. UHS was given a price target of $165 by BofA/Merrill, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Overweight to Neutral rating from JP Morgan with the price target of $147. This was contained in a research note published by the firm on March 04. The stock received a Equal-Weight rating and a price target of $134 in Stephens’s research note that was published on January 14.

Universal’s stock is covered by 18 analysts, with 9 of them rating the stock as Buy. It has been deemed to have strong buy by 1 of the analysts, 7 of them have rated it as a Hold while 1 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 8 analysts. 1 of them rated it as strong buy with 7 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that UHS has an average analyst rating of Overweight.

Universal Health Services, Inc., which has current market capitalization of above $12 Billion, published its last quarter earnings on September 30, 2019. The company was able to amass $3 Billion in revenue, which saw a quarterly growth rate of 6.55 percent. During that quarter of the year, Universal also recorded $1.99 earnings per share (EPS) which is $-0.27 above the $2.26 estimated by the analysts, leading to a surprise factor of -11.95%.

UHS declined by $-0.27 during the normal trading session on Friday and reaching a high of $140.02 during the day while it closed the day at $139.49. The Universal stock had a low trading volume of 0.23 million shares on that day, which is low compared to the average daily volume of 668.20M shares. UHS has also lost 0.78% of its value over the past 7 days. However, the stock has declined by 3.52% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.84% while it has added 19.67% year-on date.

Shares in NOW Inc. (NYSE:DNOW) fell by -0.71 percent on Friday. The company’s stock began trading at $11.14 below the previous closing price of $11.22, and finished the day at $11.21. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -13.17% from its 3 months high price. However, taking another look at DNOW will indicate that it is trading +12.1% away from its 90-day low. Looking at the bigger picture, the NOW Inc. stock has dropped by -29.61% from its 52-week high while it has surged by +12.1% from its 52-week low price.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that DNOW stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that NOW has a 20-day average volume of 1141585 shares. This has led to the DNOW price forecast being placed as a Hold on an average basis. In the medium term, however, the DNOW stock has its 50-Day average volume of 893624 shares, with the indicators also rating it as a 50% Sell. Finally, in the long-term, the DNOW stocks have a 100-Day average volume of 913264 shares, with the long-term indicators rating the stock as just 100% Sell.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 44.08%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 25.67%. Over the past 20 days, NOW’s Stochastic %K stood at 32.08% while its Stochastic %D was revealed to be 37.47%.