Unitedhealth Group Inc [UNH] stock prices are up 1.10% to $597.70 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The UNH shares have gain 0.84% over the last week, with a monthly amount glided 1.35%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Unitedhealth Group Inc [NYSE: UNH] stock has seen the most recent analyst activity on July 17, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $647 from $481. Previously, RBC Capital Mkts reaffirmed its Outperform rating on July 17, 2024, and elevated its price target to $615. On June 05, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $580 on the stock. Robert W. Baird started tracking the stock assigning a Outperform rating and suggested a price target of $597 on May 30, 2024. HSBC Securities upgraded its rating to a Hold but $460 remained the price target by the analyst firm on April 04, 2024. Barclays started tracking with a Overweight rating for this stock on March 06, 2024, and assigned it a price target of $551. In a note dated December 18, 2023, HSBC Securities downgraded an Reduce rating on this stock and revised its target price from $550 to $480.
The stock price of Unitedhealth Group Inc [UNH] has been fluctuating between $436.38 and $607.94 over the past year. Currently, Wall Street analysts expect the stock to reach $573.12 within the next 12 months. Unitedhealth Group Inc [NYSE: UNH] shares were valued at $597.70 at the most recent close of the market. An investor can expect a potential drop of -4.11% based on the average UNH price forecast.
Analyzing the UNH fundamentals
The Unitedhealth Group Inc [NYSE:UNH] reported sales of 383.26B for trailing twelve months, representing a surge of 6.41%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.16 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 593.99 points at the first support level, and at 590.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 600.18, and for the 2nd resistance point, it is at 602.66.
Ratios To Look Out For
It’s worth pointing out that Unitedhealth Group Inc [NYSE:UNH]’s Current Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 6.16 and price to earnings (TTM) ratio is 39.52.
Transactions by insiders
Recent insider trading involved ROOS THOMAS E, Chief Accounting Officer, that happened on Jul 17 ’24 when 2851.0 shares were sold. EVP & Chief People Officer, McSweeney Erin completed a deal on Jul 18 ’24 to sell 1500.0 shares. Meanwhile, EVP & Chief People Officer McSweeney Erin sold 1236.0 shares on Mar 08 ’24.
