Mizuho Has Lowered Expectations for UnitedHealth Group (NYSE:UNH) Stock Price

UnitedHealth Group (NYSE:UNH - Get Free Report) had its price target decreased by research analysts at Mizuho from $515.00 to $350.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the healthcare conglomerate's stock. Mizuho's price objective indicates a potential upside of 21.37% from the stock's previous close.

UNH has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of UnitedHealth Group from $525.00 to $405.00 and set an "overweight" rating for the company in a research note on Thursday. Hsbc Global Res cut UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Argus downgraded UnitedHealth Group from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Barclays decreased their price objective on UnitedHealth Group from $513.00 to $362.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, KeyCorp cut their price target on shares of UnitedHealth Group from $575.00 to $450.00 and set an "overweight" rating for the company in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $486.00.

UnitedHealth Group Price Performance

NYSE UNH traded up $14.02 on Friday, reaching $288.37. The company's stock had a trading volume of 50,680,475 shares, compared to its average volume of 5,783,106. UnitedHealth Group has a twelve month low of $248.88 and a twelve month high of $630.73. The stock has a market cap of $261.59 billion, a PE ratio of 18.54, a PEG ratio of 1.37 and a beta of 0.56. The firm's 50 day moving average is $474.72 and its two-hundred day moving average is $515.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing analysts' consensus estimates of $7.29 by ($0.09). UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $109.58 billion during the quarter, compared to analysts' expectations of $111.56 billion. During the same period in the prior year, the business posted $6.91 EPS. As a group, sell-side analysts predict that UnitedHealth Group will post 29.54 EPS for the current year.

Hedge Funds Weigh In On UnitedHealth Group

Several institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. raised its holdings in shares of UnitedHealth Group by 0.8% during the first quarter. Financial Management Professionals Inc. now owns 2,224 shares of the healthcare conglomerate's stock worth $1,165,000 after acquiring an additional 17 shares during the period. Western Pacific Wealth Management LP lifted its holdings in shares of UnitedHealth Group by 2.2% in the fourth quarter. Western Pacific Wealth Management LP now owns 902 shares of the healthcare conglomerate's stock valued at $456,000 after purchasing an additional 19 shares in the last quarter. MCF Advisors LLC raised its position in UnitedHealth Group by 0.8% in the 4th quarter. MCF Advisors LLC now owns 2,578 shares of the healthcare conglomerate's stock valued at $1,304,000 after buying an additional 20 shares during the last quarter. Axiom Financial Strategies LLC boosted its position in UnitedHealth Group by 3.6% during the 4th quarter. Axiom Financial Strategies LLC now owns 575 shares of the healthcare conglomerate's stock worth $291,000 after acquiring an additional 20 shares during the last quarter. Finally, Richwood Investment Advisors LLC lifted its position in shares of UnitedHealth Group by 0.4% in the fourth quarter. Richwood Investment Advisors LLC now owns 5,247 shares of the healthcare conglomerate's stock worth $2,654,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 87.86% of the company's stock.

UnitedHealth Group Company Profile

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.

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