UnitedHealth Group Receives “Buy” Rating from Deutsche Bank (UNH)
UnitedHealth Group (NYSE:UNH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a $95.00 target price on the stock, up from their previous target price of $92.00. Deutsche Bank’s price target indicates a potential upside of 11.62% from the stock’s previous close.
A number of other analysts have also recently weighed in on UNH. Analysts at Cowen and Company raised their price target on shares of UnitedHealth Group from $85.00 to $91.00 in a research note on Tuesday. Separately, analysts at Susquehanna raised their price target on shares of UnitedHealth Group from $94.00 to $96.00 in a research note on Monday. Finally, analysts at Jefferies Group downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. They now have a $87.00 price target on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $85.95.
Shares of UnitedHealth Group (NYSE:UNH) traded up 0.08% during mid-day trading on Wednesday, hitting $85.175. 2,538,775 shares of the company’s stock traded hands. UnitedHealth Group has a 1-year low of $66.72 and a 1-year high of $87.24. The stock has a 50-day moving average of $81.14 and a 200-day moving average of $77.49. The company has a market cap of $83.460 billion and a P/E ratio of 15.62.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.26 by $0.16. The company had revenue of $32.60 billion for the quarter, compared to the consensus estimate of $32.01 billion. During the same quarter last year, the company posted $1.40 earnings per share. UnitedHealth Group’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that UnitedHealth Group will post $5.54 EPS for the current fiscal year.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
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