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UnitedHealth Group (NYSE:UNH) shares snapped six straight sessions of gains, because the inventory closed 0.2% decrease to $590.20 on Friday.
The managed care large gained over 2% within the previous six sessions. The inventory has gained greater than 11% up to now this 12 months, in comparison with the over 17% rise within the broader S&P 500 Index.
Minnetonka, Minnesota-based UNH is up 3% over the previous one month. The inventory closed 0.5% increased on Thursday at $591.57.
Analysts are principally bullish on the inventory. Looking on the Wall Street group, 26 analysts gave UNH a Buy and above. One analyst has given the inventory a Hold advice, and nobody really useful Sell or decrease.
Seeking Alpha analysts are additionally bullish and see the inventory as a Buy.
However, Seeking Alpha’s Quant Rating gave UNH a Hold score with a rating of 3.40 out of 5. The firm acquired A+ within the prospect of profitability, whereas it obtained a D- in valuation.
Earlier in July, the corporate beat Wall Street forecasts with its Q2 2024 outcomes and raised its full-year forecast attributed to cyberattack impression to $1.90 – $2.05 from its earlier estimate of $1.15 – $1.35 per share.
“UNH remains in a healthy position compared to peers, with potential upside in earnings and dividends forecasted through 2026 despite election-year risks,” mentioned Seeking Alpha analyst Mike Zaccardi.
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Source: Seekingalpha