UnitedHealth Group Given New $85.00 Price Target at FBR Capital Markets (UNH)
FBR Capital Markets increased their price target on shares of UnitedHealth Group (NYSE:UNH) from $77.00 to $85.00 in a research note issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target suggests a potential upside of 16.81% from the company’s current price.
A number of other firms have also recently commented on UNH. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of UnitedHealth Group in a research note to investors on Monday. Separately, analysts at Deutsche Bank upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. They now have a $85.00 price target on the stock, up previously from $74.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of UnitedHealth Group in a research note to investors on Sunday, January 5th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $79.17.
Shares of UnitedHealth Group (NYSE:UNH) traded down 2.78% during mid-day trading on Thursday, hitting $72.76. The stock had a trading volume of 8,891,587 shares. UnitedHealth Group has a 1-year low of $52.51 and a 1-year high of $77.33. The stock’s 50-day moving average is $73.80 and its 200-day moving average is $71.93. The company has a market cap of $73.252 billion and a price-to-earnings ratio of 14.16.
UnitedHealth Group (NYSE:UNH) last announced its earnings results on Wednesday, January 15th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.01. The company had revenue of $31.10 billion for the quarter, compared to the consensus estimate of $31.06 billion. During the same quarter last year, the company posted $1.20 earnings per share. UnitedHealth Group’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that UnitedHealth Group will post $5.49 earnings per share for the current fiscal year.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
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