Leerink Swann initiated coverage on shares of UnitedHealth Group (NYSE:UNH) in a research note released on Monday morning, Analyst Ratings News reports. The firm issued a market perform rating and a $77.00 target price on the stock.
“We are initiating coverage on 9 companies within US Managed Care. We expect upside to 2014E EPS from conservative pricing and the ObamaCare 3R regulations, which offer downside protection from adverse selection. We expect mid-single digit growth for the sector in the next 3-5 years as Medicare and Medicaid are further privatized, access expansion to the uninsured mitigates reform driven Commercial margin compression and investment yields rise with interest rate normalization. We have an Outperform on HUM, CI, WLP and CNC. We rate UNH, HNT, MOH, AET and WCG as Market Perform.,” the firm’s analyst wrote.
Shares of UnitedHealth Group (NYSE:UNH) traded down 0.33% on Monday, hitting $71.44. The stock had a trading volume of 1,638,347 shares. UnitedHealth Group has a 52-week low of $51.36 and a 52-week high of $75.88. The stock has a 50-day moving average of $70.67 and a 200-day moving average of $68.88. The company has a market cap of $71.923 billion and a price-to-earnings ratio of 13.56.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. The company had revenue of $60.60 billion for the quarter, compared to the consensus estimate of $30.80 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts expect that UnitedHealth Group will post $5.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 17th. Stockholders of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, December 4th.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR & Co. initiated coverage on shares of UnitedHealth Group in a research note to investors on Wednesday, November 13th. They set an outperform rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of UnitedHealth Group in a research note to investors on Wednesday, November 13th. They set an outperform rating on the stock. Finally, analysts at TheStreet reiterated a buy rating on shares of UnitedHealth Group in a research note to investors on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $77.12.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
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