Tuesday, September 29, 2020

SVB Leerink Resumed UnitedHealth Group Incorporated [UNH]. What else is Wall St. saying?

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UnitedHealth Group Incorporated [NYSE: UNH] slipped around -1.34 points on Tuesday, while shares priced at $307.23 at the close of the session, down -0.43%. The company report on September 15, 2020 that Dell, HP, Lenovo and Acer to Announce New Eyesafe Products at the Blue Light Summit 2020 Presented by UnitedHealthcare, Eyesafe and TÜV Rheinland.

The live global event on Oct. 15 will highlight health issues and solutions from the world’s largest brands in electronics and healthcare.

Eyesafe, UnitedHealthcare Vision and TÜV Rheinland Group today announced the dates and registration details as well as the initial lineup of companies and thought leaders participating in the Blue Light Summit 2020. This year’s event will be held on Oct. 15, 2020. Due to global travel restrictions and safety considerations related to the COVID-19 pandemic, this year’s summit will be conducted virtually. People interested in attending can register here.

UnitedHealth Group Incorporated stock is now 4.51% up from its year-to-date (YTD) trading value. UNH Stock saw the intraday high of $311.46 and lowest of $306.05 per share. The company’s 52-week high price is 324.57, which means current price is +63.66% above from all time high which was touched on 08/11/20.

Compared to the average trading volume of 2.89M shares, UNH reached a trading volume of 1467341 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about UnitedHealth Group Incorporated [UNH]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UNH shares is $331.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UNH stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

SVB Leerink have made an estimate for UnitedHealth Group Incorporated shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 01, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on June 05, 2020, representing the official price target for UnitedHealth Group Incorporated stock. Previously, the target price had yet another raise to $308, while Deutsche Bank analysts kept a Buy rating on UNH stock.

The Average True Range (ATR) for UnitedHealth Group Incorporated is set at 7.56, with the Price to Sales ratio for UNH stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 4.58, with the Price to Cash per share for the same quarter was set at 23.25. Price to Free Cash Flow for UNH in the course of the last twelve months was 18.41.

How has UNH stock performed recently?

UnitedHealth Group Incorporated [UNH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.01. With this latest performance, UNH shares dropped by -5.09% in over the last four-week period, additionally plugging by 25.80% over the last 6 months – not to mention a rise of 31.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UNH stock in for the last two-week period is set at 46.15, with the RSI for the last a single of trading hit 45.33, and the three-weeks RSI is set at 48.55 for UnitedHealth Group Incorporated [UNH]. The present Moving Average for the last 50 days of trading for this stock 308.81, while it was recorded at 306.78 for the last single week of trading, and 288.85 for the last 200 days.

UnitedHealth Group Incorporated [UNH]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and UnitedHealth Group Incorporated [UNH] shares currently have an operating margin of +8.13. UnitedHealth Group Incorporated’s Net Margin is presently recorded at +5.71.

Return on Total Capital for UNH is now 20.09, given the latest momentum, and Return on Invested Capital for the company is 15.05. Return on Equity for this stock inclined to 25.32, with Return on Assets sitting at 8.36. When it comes to the capital structure of this company, UnitedHealth Group Incorporated [UNH] has a Total Debt to Total Equity ratio set at 77.47. Additionally, UNH Total Debt to Total Capital is recorded at 43.65, with Total Debt to Total Assets ending up at 25.25. Long-Term Debt to Equity for the company is recorded at 69.36, with the Long-Term Debt to Total Capital now at 39.08.

Reflecting on the efficiency of the workforce at the company, UnitedHealth Group Incorporated [UNH] managed to generate an average of $42,582 per employee.

Earnings analysis for UnitedHealth Group Incorporated [UNH]

With the latest financial reports released by the company, UnitedHealth Group Incorporated posted 3.88/share EPS, while the average EPS was predicted by analysts to be reported at 3.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UNH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for UnitedHealth Group Incorporated go to 12.72%.

Insider trade positions for UnitedHealth Group Incorporated [UNH]

There are presently around $256,947 million, or 89.50% of UNH stock, in the hands of institutional investors. The top three institutional holders of UNH stocks are: VANGUARD GROUP INC with ownership of 80,727,140, which is approximately 7.532% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 73,347,462 shares of the stock with an approximate value of $22.53 billion in UNH stocks shares; and FMR LLC, currently with $16.97 billion in UNH stock with ownership of nearly -0.055% of the company’s market capitalization.

Positions in UnitedHealth Group Incorporated stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,129 institutional holders increased their position in UnitedHealth Group Incorporated [NYSE:UNH] by around 36,107,593 shares. Additionally, 951 investors decreased positions by around 35,167,369 shares, while 237 investors held positions by with 765,057,815 shares. The mentioned changes placed institutional holdings at 836,332,777 shares, according to the latest SEC report filing. UNH stock had 188 new institutional investments in for a total of 2,396,149 shares, while 90 institutional investors sold positions of 1,440,795 shares during the same period.

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