Citigroup Raises UnitedHealth Group (UNH) Price Target to $268.00

UnitedHealth Group (NYSE:UNH) had its target price lifted by stock analysts at Citigroup from $235.00 to $268.00 in a note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a “buy” rating on the healthcare conglomerate’s stock. Citigroup’s price objective would indicate a potential upside of 10.22% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets raised their price objective on UnitedHealth Group from $14.50 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on UnitedHealth Group from $269.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday. Piper Jaffray Companies restated a “buy” rating and set a $259.00 price objective on shares of UnitedHealth Group in a report on Wednesday. Cantor Fitzgerald restated a “buy” rating and set a $235.00 price objective on shares of UnitedHealth Group in a report on Tuesday. Finally, Evercore ISI restated an “outperform” rating and set a $255.00 price objective (up previously from $235.00) on shares of UnitedHealth Group in a report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. UnitedHealth Group presently has an average rating of “Buy” and an average price target of $241.30.

UnitedHealth Group (NYSE UNH) traded up $4.73 during mid-day trading on Wednesday, hitting $243.16. The stock had a trading volume of 6,234,000 shares, compared to its average volume of 3,634,767. UnitedHealth Group has a 1-year low of $156.49 and a 1-year high of $243.90. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $234,070.00, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.45 and a beta of 0.66.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The business had revenue of $52.06 billion for the quarter, compared to analysts’ expectations of $51.57 billion. During the same quarter last year, the firm earned $2.11 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. sell-side analysts forecast that UnitedHealth Group will post 12.2 EPS for the current year.

In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 457 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total value of $96,440.71. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michele J. Hooper sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $222.20, for a total value of $1,111,000.00. Following the completion of the transaction, the director now directly owns 36,989 shares in the company, valued at $8,218,955.80. The disclosure for this sale can be found here. Insiders sold 33,655 shares of company stock worth $7,469,083 in the last quarter. 0.89% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in UnitedHealth Group by 1.2% in the second quarter. BlackRock Inc. now owns 69,430,416 shares of the healthcare conglomerate’s stock valued at $12,873,786,000 after purchasing an additional 796,654 shares during the period. Vanguard Group Inc. raised its position in UnitedHealth Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 64,578,618 shares of the healthcare conglomerate’s stock valued at $11,974,168,000 after purchasing an additional 1,588,516 shares during the period. FMR LLC raised its position in UnitedHealth Group by 2.1% in the second quarter. FMR LLC now owns 56,101,668 shares of the healthcare conglomerate’s stock valued at $10,402,371,000 after purchasing an additional 1,168,324 shares during the period. Alliancebernstein L.P. raised its position in UnitedHealth Group by 2.3% in the second quarter. Alliancebernstein L.P. now owns 7,906,936 shares of the healthcare conglomerate’s stock valued at $1,466,104,000 after purchasing an additional 174,290 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in UnitedHealth Group by 3.9% in the second quarter. TIAA CREF Investment Management LLC now owns 5,882,427 shares of the healthcare conglomerate’s stock valued at $1,090,720,000 after purchasing an additional 223,524 shares during the period. 86.09% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3146044/citigroup-raises-unitedhealth-group-unh-price-target-to-268-00.html.

About UnitedHealth Group

UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

Analyst Recommendations for UnitedHealth Group (NYSE:UNH)

Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.