Truist Financial Issues Pessimistic Forecast for UnitedHealth Group (NYSE:UNH) Stock Price

UnitedHealth Group (NYSE:UNH) had its price objective cut by research analysts at Truist Financial from $660.00 to $580.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the healthcare conglomerate’s stock. Truist Financial’s price target points to a potential upside of 34.48% from the company’s current price.

Several other research analysts have also weighed in on the stock. Barclays lowered their price objective on shares of UnitedHealth Group from $642.00 to $560.00 and set an “overweight” rating on the stock in a research note on Monday. KeyCorp lowered their price target on shares of UnitedHealth Group from $650.00 to $575.00 and set an “overweight” rating on the stock in a report on Monday. StockNews.com upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Erste Group Bank raised shares of UnitedHealth Group to a “strong-buy” rating in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company reduced their price objective on UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. One analyst has rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $615.24.

UnitedHealth Group Trading Down 5.0 %

Shares of UnitedHealth Group stock traded down $22.82 on Monday, hitting $431.29. 5,833,993 shares of the company’s stock traded hands, compared to its average volume of 4,371,949. The stock has a market capitalization of $394.51 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. The firm’s 50-day moving average price is $512.95 and its two-hundred day moving average price is $539.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. UnitedHealth Group has a one year low of $427.21 and a one year high of $630.73.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewSquare Capital LLC bought a new position in shares of UnitedHealth Group during the 4th quarter valued at $25,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of UnitedHealth Group in the fourth quarter worth $26,000. Hurley Capital LLC purchased a new position in UnitedHealth Group during the 4th quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of UnitedHealth Group during the fourth quarter valued at approximately $30,000. Finally, AlphaMark Advisors LLC bought a new stake in UnitedHealth Group during the 4th quarter valued at approximately $30,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

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.