UnitedHealth Group Given Consensus Recommendation of “Buy” by Brokerages (NYSE:UNH)
UnitedHealth Group (NYSE:UNH) has been given an average rating of “Buy” by the twenty-two analysts that are covering the stock, American Banking News reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $81.41.
Shares of UnitedHealth Group (NYSE:UNH) traded down 0.48% on Monday, hitting $79.55. 617,283 shares of the company’s stock traded hands. UnitedHealth Group has a 52 week low of $61.70 and a 52 week high of $83.32. The stock has a 50-day moving average of $77.23 and a 200-day moving average of $75.7. The company has a market cap of $77.948 billion and a P/E ratio of 14.67.
UnitedHealth Group (NYSE:UNH) last released its earnings data on Thursday, April 17th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.09 by $0.01. The company had revenue of $31.70 billion for the quarter, compared to the consensus estimate of $32.03 billion. During the same quarter last year, the company posted $1.16 earnings per share. UnitedHealth Group’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that UnitedHealth Group will post $5.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders of record on Monday, June 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from UnitedHealth Group’s previous quarterly dividend of $0.28.
A number of analysts have recently weighed in on UNH shares. Analysts at Zacks reiterated a “neutral” rating on shares of UnitedHealth Group in a research note on Friday. They now have a $84.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of UnitedHealth Group from $90.00 to $85.00 in a research note on Monday, April 21st. They now have a “buy” rating on the stock.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.