Cantor Fitzgerald Reiterates “Buy” Rating for UnitedHealth Group Incorporated (NYSE:UNH)

UnitedHealth Group Incorporated (NYSE:UNH)‘s stock had its “buy” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday, October 17th. They currently have a $208.00 target price on the healthcare conglomerate’s stock. Cantor Fitzgerald’s price target indicates a potential downside of 1.96% from the stock’s previous close. Cantor Fitzgerald also issued estimates for UnitedHealth Group’s FY2017 earnings at $10.00 EPS and FY2018 earnings at $10.85 EPS.

Several other equities analysts have also weighed in on UNH. Zacks Investment Research lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Morgan Stanley increased their price objective on UnitedHealth Group from $202.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. ValuEngine downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $190.00 price objective on shares of UnitedHealth Group in a report on Monday, July 10th. Finally, Deutsche Bank AG raised their price target on UnitedHealth Group from $187.00 to $197.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $216.65.

Shares of UnitedHealth Group (NYSE:UNH) traded down $0.71 during trading hours on Tuesday, reaching $212.16. The company’s stock had a trading volume of 1,527,115 shares, compared to its average volume of 3,400,000. UnitedHealth Group has a 52-week low of $136.22 and a 52-week high of $213.93. The company has a market capitalization of $205,090.00, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.58 and a beta of 0.64. The company has a quick ratio of 0.72, a current ratio of 0.70 and a debt-to-equity ratio of 0.52.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, topping the consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion for the quarter, compared to analysts’ expectations of $50.38 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. equities research analysts forecast that UnitedHealth Group will post 9.99 earnings per share for the current fiscal year.

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In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the completion of the transaction, the director now directly owns 1,818,898 shares of the company’s stock, valued at $348,700,935.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas E. Roos sold 975 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total value of $200,333.25. Following the completion of the transaction, the insider now directly owns 24,630 shares of the company’s stock, valued at $5,060,726.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,149 shares of company stock valued at $14,212,342. Company insiders own 0.89% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC raised its position in shares of UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after buying an additional 603 shares in the last quarter. Blue Chip Partners Inc. purchased a new stake in shares of UnitedHealth Group in the second quarter worth $110,000. Kings Point Capital Management raised its position in shares of UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 150 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of UnitedHealth Group in the second quarter worth $114,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after buying an additional 520 shares in the last quarter. 86.17% of the stock is owned by hedge funds and other institutional investors.

UnitedHealth Group Company Profile

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)

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