UnitedHealth Group (NYSE:UNH) Price Target Lowered to $575.00 at KeyCorp

UnitedHealth Group (NYSE:UNH) had its price target dropped by research analysts at KeyCorp from $650.00 to $575.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the healthcare conglomerate’s stock. KeyCorp’s target price would suggest a potential upside of 33.68% from the stock’s previous close.

A number of other research firms have also issued reports on UNH. Wells Fargo & Company reduced their target price on shares of UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Argus cut UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Monday. Cantor Fitzgerald reissued an “overweight” rating and set a $700.00 price target on shares of UnitedHealth Group in a report on Friday, January 17th. Hsbc Global Res upgraded shares of UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Finally, Oppenheimer reduced their price target on shares of UnitedHealth Group from $640.00 to $600.00 and set an “outperform” rating for the company in a research note on Monday. One analyst has rated the stock with a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $619.05.

UnitedHealth Group Stock Performance

Shares of NYSE UNH traded down $23.98 during midday trading on Monday, hitting $430.13. The company’s stock had a trading volume of 4,252,542 shares, compared to its average volume of 4,366,563. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The firm’s fifty day moving average price is $512.95 and its 200-day moving average price is $539.93. UnitedHealth Group has a 1-year low of $427.22 and a 1-year high of $630.73. The firm has a market cap of $393.44 billion, a P/E ratio of 27.75, a P/E/G ratio of 1.37 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.29 by ($0.09). UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $109.58 billion during the quarter, compared to the consensus estimate of $111.56 billion. During the same period last year, the business posted $6.91 EPS. On average, sell-side analysts forecast that UnitedHealth Group will post 29.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UNH. NewSquare Capital LLC acquired a new position in UnitedHealth Group in the 4th quarter worth about $25,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in UnitedHealth Group in the fourth quarter worth approximately $26,000. Hurley Capital LLC bought a new stake in UnitedHealth Group in the fourth quarter worth approximately $28,000. AlphaMark Advisors LLC bought a new position in shares of UnitedHealth Group during the 4th quarter valued at $30,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in UnitedHealth Group in the fourth quarter worth $30,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.