After Barclays and Credit Suisse gave UnitedHealth (NYSE: UNH) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Michael Wiederhorn maintained a Buy rating on UnitedHealth today and set a price target of $375.00. The company’s shares closed last Tuesday at $341.19, close to its 52-week high of $367.95.
According to TipRanks.com, Wiederhorn is a top 100 analyst with an average return of 20.6% and a 73.4% success rate. Wiederhorn covers the Healthcare sector, focusing on stocks such as The Ensign Group, Community Health, and Addus Homecare.
Currently, the analyst consensus on UnitedHealth is a Strong Buy with an average price target of $369.13, representing a 7.1% upside. In a report released today, Merrill Lynch also maintained a Buy rating on the stock with a $400.00 price target.
See today’s analyst top recommended stocks >>
Based on UnitedHealth’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $64.76 billion and net profit of $3.17 billion. In comparison, last year the company earned revenue of $59.89 billion and had a net profit of $3.54 billion.
Based on the recent corporate insider activity of 128 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UNH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
UnitedHealth Group, Inc. engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience. The OptumHealth segment provides health services business serving the broad health care marketplace, including payers, care providers, employers, government, life sciences companies, and consumers. The OptumInsight segment focuses on data and analytics, technology, and information to help major participants in the health care industry. The OptumRx segment provides pharmacy care services. The company was founded by Richard T. Burke in January 1977 and is headquartered in Minneapolis, MN.
Read More on UNH:
