Monness Crespi & Hardt Increases UnitedHealth Group Price Target to $77.00 (UNH)
Stock analysts at Monness Crespi & Hardt hoisted their price target on shares of UnitedHealth Group (NYSE:UNH) from $75.00 to $77.00 in a report issued on Monday, American Banking News reports. Monness Crespi & Hardt’s price target would suggest a potential upside of 3.05% from the stock’s previous close.
Shares of UnitedHealth Group (NYSE:UNH) traded up 0.61% during mid-day trading on Monday, hitting $74.72. The stock had a trading volume of 2,562,179 shares. UnitedHealth Group has a 52-week low of $51.09 and a 52-week high of $75.88. The stock has a 50-day moving average of $72.83 and a 200-day moving average of $67.0. The company has a market cap of $75.968 billion and a price-to-earnings ratio of 14.14.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Thursday, July 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.15. The company had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $30.48 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts expect that UnitedHealth Group will post $5.51 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna reiterated a “positive” rating on shares of UnitedHealth Group in a research note to investors on Wednesday, October 9th. They now have a $84.00 price target on the stock, up previously from $81.00. Separately, analysts at Deutsche Bank raised their price target on shares of UnitedHealth Group from $68.00 to $71.00 in a research note to investors on Tuesday, October 8th. They now have a “hold” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of UnitedHealth Group in a research note to investors on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.78.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
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