UnitedHealth Group Given New $95.00 Price Target at FBR Capital Markets (UNH)
Stock analysts at FBR Capital Markets upped their price objective on shares of UnitedHealth Group (NYSE:UNH) from $85.00 to $95.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target indicates a potential upside of 13.42% from the stock’s previous close.
UnitedHealth Group (NYSE:UNH) traded up 1.83% on Thursday, hitting $85.29. The stock had a trading volume of 6,056,327 shares. UnitedHealth Group has a 1-year low of $65.92 and a 1-year high of $84.74. The stock’s 50-day moving average is $80.97 and its 200-day moving average is $77.44. The company has a market cap of $83.572 billion and a price-to-earnings ratio of 15.37.
UnitedHealth Group (NYSE:UNH) last announced its earnings results on Thursday, July 17th. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that UnitedHealth Group will post $5.52 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of UnitedHealth Group in a research note on Wednesday. They now have a $92.00 price target on the stock, up previously from $88.00. Separately, 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. Finally, analysts at Susquehanna raised their price target on shares of UnitedHealth Group from $94.00 to $96.00 in a research note on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $82.84.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
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