UnitedHealth Group Receives Average Recommendation of “Buy” from Brokerages (NYSE:UNH)
Shares of UnitedHealth Group (NYSE:UNH) have earned a consensus rating of “Buy” from the twenty-two ratings firms that are covering the company, Stock Ratings Network reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $88.24.
A number of research firms have recently commented on UNH. Analysts at Goldman Sachs downgraded shares of UnitedHealth Group from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, August 7th. Separately, analysts at Sterne Agee reiterated an “underperform” rating on shares of UnitedHealth Group in a research note on Monday, July 21st. They now have a $87.00 price target on the stock, up previously from $80.00. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of UnitedHealth Group in a research note on Friday, July 18th. They now have a $98.00 price target on the stock, up previously from $87.00.
In other UnitedHealth Group news, Director Gail R. Wilensky sold 10,400 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $85.00, for a total transaction of $884,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of UnitedHealth Group (NYSE:UNH) opened at 86.68 on Wednesday. UnitedHealth Group has a one year low of $66.72 and a one year high of $87.24. The stock’s 50-day moving average is $83.41 and its 200-day moving average is $79.69. The company has a market cap of $84.220 billion and a P/E ratio of 15.79.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results 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 $5.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 23rd. Investors of record on Friday, September 12th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, September 10th.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
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